Yesterday Gold broke out from the upper boundary of strong bearish value zone. Today it will have a test for this breakout. If we close above 1736 in Daily then then test passes and we can expect more highs. This test may happen in US session when news out. Gold has strong resistance near 1772 and we can expect gold to rebound after this level.
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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.