Londonwasps6

Gold breaking support early start of week

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Here we see Gold at a very important position. So gold is currently pricing at a very high point of support. You can see where the arrows are placed that the price has tried 4 times to break but failed. If we see the break we could see gold rocket so the last highest key level 1700.00 Area.

On the other hand we could see the pattern follow and see price just drop to support.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.