Gold Spot / U.S. Dollar
Short

XAUUSD Gold Update: Potential Retracement

615
Our Daily Chart - Cup & Handle Pattern - worked well and achieved the targets.

Under the current fundamentals, we keep our long term target unchanged " 2000 $- 2200 $"

However, for a healthy and sustainable rally, XAU may retrace and make a correction before the new bullish run.

Potential retracement levels:

Black Swan 2.24 BC at 1.882 $
MM H4 +2/8 AT 1.890 $

Good Luck!




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