FX.co ★ Gold 12.24.2019 - Strong bullish breakout and larger time-frame traders participation, our main target at $1.515 is on the way

Gold has been trading upwards in the past 24 hours as I expected. The price tested the level of $1.500. The upside breakout is still valid and there is chance for the potential test of $1.515, which is my main target.

Watch for buying opportunities on the dips and main target at the price of $1.515.

MACD oscillator is showing mew momentum and it is confirming strong bullish condition.

Resistance level is seen at the price of $1.515 and after that at $1.534

Support level is seen at the price of $1.486.

In my opinion, there is the the influence from the larger time-frame traders in this bullish movement and it might have bigger bullish impact .