XAUUSD SETUP ON THE WEEKLY
Updated
Technical Analysis
Recently we've seen GOLD resistances on multiple timeframes... The surge 3750.8 points on Friday was very crucial in breaking the resistance on the daily (2383.69). The weekly breaking the resistance at 2392.07 from 4 weeks back is a bullish move and since there is no much resistance level after 2392.07, GOLD should easily make a fresh all time high, and continue to move even higher.
Recently we've seen GOLD resistances on multiple timeframes... The surge 3750.8 points on Friday was very crucial in breaking the resistance on the daily (2383.69). The weekly breaking the resistance at 2392.07 from 4 weeks back is a bullish move and since there is no much resistance level after 2392.07, GOLD should easily make a fresh all time high, and continue to move even higher.
Order cancelled
Trade invalidated due to the top wick forming first on the weekly
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