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Research Note on Gold (XAU)

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Barry Dumas
Trading Gold Chart

Research on Gold (XAU)

I am looking to long Gold (XAU) yet again and I am looking for a clear break and close above $ 1352/ ounce level before I enter.

Please note: do not prematurely enter the trade before it reaches the $ 1352/ ounce level as the price can just as easily retrace back to the $ 1325/ ounce level.

The full trade summary is as follows...

Trade: Gold (XAU):

  • Entry (Buy): $ 1352/ ounce
  • Stop loss: $ 1332/ ounce
  • Target price 1: $ 1380/ ounce

 

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