FX.co ★ XAU/USD (Gold) is above our strong ascending trend line and in a bullish channel.

XAU/USD (Gold) is above our strong ascending trend line and in a bullish channel. We are buying on strong support at 1239.91 (ascending support, bullish channel, fibonacci retracement, fibonacci extension) for a bounce up to 1256.65 as our profit target. Our stop loss is at 1234.29.