GOLD BUY OPPORTUNITY
XAUUSD - DAILY
Gold price is near the 0.618 fibonacci level, after the break of the bearish channel a great run-up last week. There's also a very firm demand zone around 1725, expecting a dollar weaking this week, given the very strong psychological support on EURUSD at 1.00000, If EU falls bellow parity then gold will soon follow, in that case you should dismiss this analysis.
Gold price is near the 0.618 fibonacci level, after the break of the bearish channel a great run-up last week. There's also a very firm demand zone around 1725, expecting a dollar weaking this week, given the very strong psychological support on EURUSD at 1.00000, If EU falls bellow parity then gold will soon follow, in that case you should dismiss this analysis.
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