MuhammadNaheed

XAUUSD -Hourly Analysis

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is at a Major Resistance Area , Price Seems to always reversal going in a bearish within that area however the market has disrespected the trendline by price breaking out of it , it could possibly go in a bullish direction towards the Resistance Zone! if so , price would retest back on the trend line and head up!

I wouldn't place a trade on XAUUSD at this moment as there isn't any clear confirmation as where price is heading
Comment: There was a False breakout for XAUUSD , Price did not continue towards the 1340.80 Resistance Zone!
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