XAUUSD has broken out of the monthly resistance and price started to bounce back up to the resistance. Multiple timeframe is showing bullish price action with price trading above 10EMA which is indication of strong trend. Currently price is breaking out of resistance on 4H timeframe with strong liquidity grab from the support. As price has not specific resistance to follow, we may see price having a strong breakout. Is it heading to Galaxy?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.