Gold - key spot for the metal

Key time for XAUUSD and GC1!, as gold continues to consolidate inside the triangle.

Breakout above resistance at ~1970 would indicate strong possibility of trend continuation and new ATH.

However, if support levels are not held, risk of much stronger and deeper pullback to at least ~1700$ is likely to be starting

Somewhat similiar logic can be applied to XAGUSD as well right now
CommoditiesGCGC1! (Gold Futures)GoldpreciousmetalsSilverTrend LinesTriangleXAUUSD

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