UnknownUnicorn15614419

GOLD: consolidation, breakout and completion of growth.

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
After a perfect fixation at the support level 1677.63, the price started to rise again. It broke through a small resistance at 1711.28 (a downtrend since January this year), which during the previous rally was able to contain the price. Now we can expect that after the breakout the price will rise to the level of 1763.01. Then it will turn around and fall to support 1677.63.
SL - 1800.77.

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