we noted that XAU/USD was, “testing long-term uptrend resistance up here and the advance remains vulnerable while below.” The region in focus remains 1522/26 where the December 2011 & 2012 lows converges on a pair of uptrend resistance slopes. Gold has held below this threshold all week with the prices continuing to consolidate just below – look for the test / break.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now