As we can see price is approaching the previous highs that supply was made .This level is now a resistance point . In current trades , traders can secure a profit target at that level . Now If the price breaks that level which is 70.32, we can expect price to further on continue a bullish movement towards 71.13 after a break and retest depending on the momentum...
If gold continues its bullish trend , this is what i expect after the breakout of this area .If that is possible , think we can see the price rally up to the key area of 2715 .. Traders should trade cautiously and execute only when set ups and confirmations align .Trade safe. My outlook of technical analysis
What i look to see on the gold charts this Monday .If there is a break and strong confirmation closure above , i will wait for a pullback and enter with minimal risk and same as the downtrend as illustrated on the diagram .