GOLD - LONG
DESCRIPTION:
The price of the counter XAUUSD is maintaining above the support baseline at the price 1721.19. The baseline has been tested more than thrice. For the past couple of days the counter's price is moving near support baseline and there is no indication for a breakout. The bullish trend of the counter is expected to continue further. The buying mode of the market and the strong support base may boost the price even more upwards.
Major Levels For The Counter Are:
R2 - 1745.28
R1 - 1738.78
PP - 1730.18
S1 - 1723.68
S2 - 1715.80
The price of the counter XAUUSD is maintaining above the support baseline at the price 1721.19. The baseline has been tested more than thrice. For the past couple of days the counter's price is moving near support baseline and there is no indication for a breakout. The bullish trend of the counter is expected to continue further. The buying mode of the market and the strong support base may boost the price even more upwards.
Major Levels For The Counter Are:
R2 - 1745.28
R1 - 1738.78
PP - 1730.18
S1 - 1723.68
S2 - 1715.80
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