XAUUSD / Gold Approaching Crucial Levels
Interesting position here for Gold as we sit with a close above a extremely strong trend line reaching back as far as 2011/09 (Daily Chart) and most recently 2016/07, while currently the 4H indicates a closed outside of a channel! What will Gold bring for us tonight? Will we see a sell off around 1280 or break through the trend and continue. Wait for confirmation and see, possible sell off of markets is expected but will Gold rectify itself within the channel and continue to fall or is it time to break past this 6 year trend.
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