XAUUSD Has formed a W pattern using the support formed and here the current price action confirms a breakout on the neckline where it shows good potential to the upside in order to revisit the major resistance formed in the Weekly timeframe. We may see a retest back on the key level before the liftoff. Anyway the chart proves that gold is turning highly bullish at this point to grow up its prices back close to or above 2055
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Disclaimer
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.