Only charts

gold , the precious recovered sharply from 1212$ area to trade currently at 1228$ , as recommended earlier , I advised buying xau/usd at 1218$ for target 1226$ . Now it is breaking a bearish trendline and is probably heading smoothly towards 1233$ . It is recommended to buy any dip  in gold and hold until it reaches 1250$ area.

Do you think gold has bottomed at 1196$ ?! definitely , and its first resistance area to break is the 1235$ . The rally from 1196$ to 1223$ at the time of writing is technical driven , however the catalyst was brexit deal news , cabinet support and ministers resignation. Would that rally vaporize anytime soon?! Nooo...big no , for real. Soon enough we will see 1250$ . dont get trapped shorting the precious metal before 1500$ is seen ... Be a friend to the trend if you wanna make some money trading gold in 2019.

Today , we have several setups crystal clear , here are : Buy usdcad 1.2973 with target 1.31 , sl close below 1.2950 Sell xauusd "gold" at 1230$ , target 1223$ , sl close above 1237$ Sell #gbpusd at 1.3204$ , target 1.3120$ , sl close above 1.3220$

Gold is unable to close above 1200$ , unable to keep any gains . now trading at 1193$ , yesterdays low was 1187$ , it has more room to 1178$ before it can rebound again. . Any break below 1178$ , will open the road for the breaking the famous 1160$ and increase the probability of breaking below 1000$ .. Key level here 1160$ ...if broken , gold will definitely get below 1000$ in few weeks. 1178$ is the last defense line before 1160$ . Next resistance 1196$ , if broken , we will definitely regain bullish stance. My recommendation is selling at current level 1193$

Gold / the precious yellow metal made it clear on friday post NFP figures that it is targeting higher levels. Gold already broke the bearish weekly trendline and declined to test daily support/trendline at 1260$ and reversed sharply to 1285$ during the asian session. The precious metal might find some resistance in the area of 1295-1300$ before resuming the bullish move to 1550$ in medium term. I recommend going long at current 1275$ area with stop loss on daily close below 1260$ ...