Gold- Correction could follow

2022年2月18日

As I said in my previous analysis, Gold is very close to breaking above the range resistance just above 1830 and this could lead to more gains and a touch of 1900 figure.
Yesterday the price reached my 1900 target and from now on traders can expect a correction.
Technically, Gold is facing 1905-1915 zone horizontal resistance and here short-term traders can look for selling opportunities.
However, if you are looking to sell, you should keep in mind that XauUsd is very bullish and has resumed its long-term uptrend.