Hello Price Action Traders.
Xau/Usd – Gold Spot
It’s interesting to analyze what gold spot prices is telling us in recent trading sessions.
This market formed a double bottom at $ 1,200 1,180/area (Key Support Level) that has pushed the price upward showing some strength, higher highs and higher lows and staying above the short-term moving average now for two weeks. In today’s session the price action is BULLISH confirming the upside movements of the last period. This day could be taken as a trading signal to go LONG with a primary target profit right at the resistance zone at 1,350.
It’s all for today
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