XAUUSD Long, At a Resistance Level
Gold has been in an overall downtrend the last few weeks with the momentum coming from the downside until it touched 1677.00. Price is currently sitting at 1743.75 which is a very strong resistance level! Previously, the levels 1743-1727 is where Gold has consolidated in. Since Gold has failed to break through this 1743.00 level and rejected it, I think Gold will continue upwards. Leave your thoughts on Gold below! Cheers.
Disclaimer
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.