ALPHA_CHART

GOLD WEEKLY PRICE OUTLOOK

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar

XAUUSD
closed with a massive bullish candle on the daily timeframe, and for the first time in history, the market closed above the 2070 key level. You can see that the market stopped right at the resistance zone at 2088. The market bounced off this level two times in a row, at the beginning of December and at the end of the same month. On the daily timeframe, price broke the triangle formation with momentum. After an impulse move, we can expect some range market unless news comes and pushes the price higher or lower.
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