GOLD (XAUUSD) Market Outlook | Daily Forex Market Breakdown
XAUUSD
Gold Seems to be sustaining bullish momentum for the time being. We have now retested a key area of resistance. Now it will be interesting to see if bulls can maintain control or if the bears are going to take over and we are going to roll over to the downside.
As you can see in the chart posted we have been calling these key areas of resistance for sometime. Still sitting on my hands until volume picks back up. Remember not everyday is a trading day. That being said gold is playing out very nicely, definitely at the top of my watch list.
Gold Seems to be sustaining bullish momentum for the time being. We have now retested a key area of resistance. Now it will be interesting to see if bulls can maintain control or if the bears are going to take over and we are going to roll over to the downside.
As you can see in the chart posted we have been calling these key areas of resistance for sometime. Still sitting on my hands until volume picks back up. Remember not everyday is a trading day. That being said gold is playing out very nicely, definitely at the top of my watch list.
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