benayaadhi

XAUUSD Weekly Outlook

FX:XAUUSD   Gold Spot / U.S. Dollar
If we see in the chart, we can see Descending Triangle Pattern.. if we see in the 2009-11-23 we can see the resistance is around 1177.33 then price going up broke the resistance and become support.. and going down hit the last resistance .. now the resistance become strong support at 1177.33 hit 4 times and still can't go down. If the price broke 1177.33 i suggest to open a sell order .. but if the price bounce, put long order TG1: around 1343 if broke around that level, i suggest to not closing your order or open again a long order . if the price bounce again, close your position, then open short order. that's just my opinion. any suggestion and idea would be nice :)

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