XAUUSD: First Target Remains 1515

From dailypriceaction.com

The XAUUSD (gold) is playing out nicely so far. I’ve discussed the falling wedge below several times, including the December 17th commentary. I also pointed it out in the most recent weekly Forex forecast on the 21st. If you watched that forecast video, you should recall that I thought XAUUSD was the most interesting pair for the week ahead. In other words, it boasted the best looking price structure, in my opinion. We also knew that the next leg higher was likely to materialize following a daily close above the confluence of resistance at 1480. The December 23rd close at 1485 did just that. So far, gold is well on ... (full story)