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Gold: Heading Towards 1858.16

As mentioned yesterday, we enter into accumulation phase. Although it violated support zone of 1792-89 and made low at 1781.02, it didn’t harm upside perception at these level.


Presently doing its business at 1794, it will face first barrier at 1803.47 before significant level of 1815.11 and 1820.44.


Any Day close above 1820.44 then 161.8 % retracement 1831.54 would be seen, and act as Resistance before weekly Target 1858.16.


Remember all levels are valid for this week, take protective stop just below 1770.

 
Strategy:  Go long

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