XAUUSD: 2021 Target Remains $2,380

From dailypriceaction.com

XAUUSD (gold) buyers are having a tough time gaining any real momentum. Despite last week closing above $1,850, gold is trading below its previous weekly close. I mentioned that break above $1,850 last Saturday. However, that isn’t surprising. We’ve known about the bull flag pattern on the daily chart for weeks. The resistance level of that channel appears to have stopped XAUUSD buyers in their tracks this week. At the same time, we know how significant the $1,750 to $1,800 support area is based on the 2011 and 2012 highs. I’ve mentioned that area above $1,750 for over a month now. Those who saw the November ... (full story)