I dont anticipate a break of new highs as there is great yearly resistance around the 1736 price. Instead there is high potential for a pullback before prices make new highs. OANDA:XAUUSD
OANDA:XAUUSD
We continue to add more positions on the dips for better probabilities. Remember to stay as fluid as the markets. Always use protective stops.
Taking into consideration that the monthly chart displays huge support on the 1.13121 level. This illustrates that this level is respected and it is not likely that price will brake for the bears. With that understanding in mind we should prepare long positions for the break to the upside. I am also expecting that the US data will likey come out weaker for this...
