Gold Makes a Breakout Above Strong Level

Dear traders,

Gold has finally made a breakout higher. What does it mean for Gold?

A retest of 1832 is bullish for GOLD unless FED comes with a surprise next week. Market is waiting for the FED but Gold has made a move up as it has collected stops above the 1832 level. It;s bullish move but the trend is not strongly bullish yet. We should see the possible move as a part of the retest. After a retest, up to the 1850 zone.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez