Signal Update: OUR GOLD XAU/USD Hit Our Take Profit at $1,625 & Continues to Climb Higher. Check Our Long Term Targets
Our Gold Long position at 1,568 has hit our First Take Profit at 1,625 and continued higher to the $1,700 price level. The markets around the world came down hard as the Corona Virus continue to hit world economies. Check our chart updates for our next long term targets at 1,790 & 1,900 as well as gold performance Vs. S&P 500.
Gold Continue to Climb hire following 4 years of technical price base, which turned into a positive uptrend as price creates higher lows and higher highs. During the past month price has been consolidating and provides now an opportunity to jump in again and buy now at 1,568, before the next move up to our next target at $1,625. See our chart below for more information on this trade.