TaherJalili
Long

Multi-year Resistance Broken

FX:XAUUSD   Gold Spot / U.S. Dollar
The multi-year resistance level we have been discussing in this market in recent times has now been broken with price making a solid move higher.

There looks to be a large amount of space for price to move higher into, so the resistance level price has just broken out of looks to be crucial.

If this old resistance can hold as a new support price flip level it could be the key for price making a new leg higher. It could also be a solid level to watch for bullish price action clues.




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