Entrenched

xauusd possible road map

SAXO:XAUUSD   金/米ドル
gold is definitely bullish imo, but I am looking for a nice retrace to add longs for what I believe may be a run towards 1730s. in a perfect world we would get a retrace to 1672 to retest the trend line break then down and break under 1630 on our way to support. there seems to be a lot of support so it will be lucky to get price in the low 1600s. equity markets also have gaps that may fill helping gold ease a bit into a good buy zone. there are significant support levels at 1630, 1625, 1621 1610ish. risk appears to be at 1587 on a dip into the lower range of 1600s imo. At the latest, I expect 1730s to hit sometime next week , but there is a good chance to see it happen by the end of the week imo.

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