PeterHedger3

Gold - Could we break out to the upside next week?

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently sitting at a key area of resistance.

It needs some more continuation, but resistance could become support and this could be a good entry for a long position.

The last 3 candles were strong to the upside.

Lets see if we breakout to the upside next week.

Comments

Or resistance may be too strong? And make a sudden drop to the support?
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PeterHedger3 UnknownUnicorn2109202
@UnknownUnicorn2109202, Totally Agree. Its a key level. Either we break through and it becomes support. Or we dont break the level and drop lower. Let see what happens next week.
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