Gold is uptrend. The current bullish move will break the current high and might hit 6000 in the next 3 weeks or so depending on market momentum.
Reason for this bias is because XAUUSD has pullback to the 78.6% level of the Fibonacci which is a deep retracement before potential reversal.
TP1: 5280
TP2: 5390
TP3: 5533
Reason for this bias is because XAUUSD has pullback to the 78.6% level of the Fibonacci which is a deep retracement before potential reversal.
TP1: 5280
TP2: 5390
TP3: 5533
Attached Image (click to enlarge)
SBWale
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