Gold looking increasingly bullish when a breakout of 1800.00 resistance is confirmed.
Gold currently stalling at daily resistance trend line could we expect a reversal at this point or will the Bulls continue their run?
Expecting a bullish outcome this week.
Waiting for signs of continuation if not a retest could be preferred and move with the market from there.
A simple breakout of the resistance structure waiting for signs of a continuation if not then a restest and move forward the market from there.
Elliott five wave theory forcast.
Simple forecast on AUSUSD, long position looks more likely, be patient and wait for the market to move before considering an entry.
Confirmed buy breakout waiting for retest to scalp further.