The GOLD is still bullish as the higher time frames suggest continuation above W L3 pivot.

Gold

 

The Gold has made a move above W L3 pivot and we might expect a continuation to the upside. The POC zone is 1542.87-1544. As long as the price is above the zone we should see a move up. Targets are 1556 followed by 1560 and 1564 which is the final intraday target. If the market makes a close above 1581, then we will see a retest of 1600 zone.

 

XAUUSD

 


 

The analysis has been done with the CAMMACD.Core System.

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