Gold is Bullish - We look to Buy at 1745
▪️ Previous resistance level of 1745 broken.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ A mild correction has been posted from yesterday’s high, this is seen as a retest of the breakout level.
▪️ A bullish reverse Head and Shoulders has formed.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1745, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1731
Target1: 1819
Target2: 1839
▪️ Previous resistance level of 1745 broken.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ A mild correction has been posted from yesterday’s high, this is seen as a retest of the breakout level.
▪️ A bullish reverse Head and Shoulders has formed.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1745, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1731
Target1: 1819
Target2: 1839
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