Gold Weekly Review
Technical Observation
XAUUSD is currently rallying around 1744.2. On the 4 Hours Chart , the previous candle closed above the previous 152 Period Exponential Moving Average. XAUUSD_e is currently in a tight range, not going above the previous day's highest high 1758.59,or the previous day's lowest low 1733.09. If the price breaks above 1758.59 then we will consider a long term buy with our target at 1842.36. And on the flipside, a sustained move below 1608.59 will attract sellers with an ideal target around 1122.85