TaherJalili

Can Price Continue This Week?

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
This is a market we have been charting and discussing heavily in recent times.

Whilst price has now moved through a period of sideways consolidation, it could be looking to make its next serious move.

As the attached 4 hour chart shows; price is testing an important intraday resistance level.

If this gives way price could quickly move back into the recent swing high before once again testing the major resistance level.



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