Gold spikes higher after dollar turn

11 Jul 2019

GOLDXAUUSDXAUUSD

Trade Ideas

Gold - Intraday - We look to Buy at 1410 (stop at 1400)

The medium term bias remains bullish.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
Price action continued to range between key support & resistance (1385 - 1440) and we expect this to continue.
Posted a Double Bottom formation.
Preferred trade is to buy on dips.
Our profit targets will be 1430 and 1440

Resistance: 1432 / 1440 / 1450
Support: 1410 / 1400 / 1385