GOLD rallied toward higher prices since the FED conference the last Friday to penetrate very important resistance level that lasted for years!
looking closely at the GOLD chart, it's very evident that all trends, monthly, weekly.... flipped over and working together pushing the prices and will continue for the upcoming months.
From the psychological point of view, GOLD reached new higher prices which will rush the crowd into investing in GOLD in a hope for higher prices.
Currently we only have MINOR resistance to be penetrated, if the market succeeded in doing so, the path will be clear toward 1546 area... after then we will check our analysis again to see if XAUUSD will hit higher prices or we'll have a a retracement!
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looking closely at the GOLD chart, it's very evident that all trends, monthly, weekly.... flipped over and working together pushing the prices and will continue for the upcoming months.
From the psychological point of view, GOLD reached new higher prices which will rush the crowd into investing in GOLD in a hope for higher prices.
Currently we only have MINOR resistance to be penetrated, if the market succeeded in doing so, the path will be clear toward 1546 area... after then we will check our analysis again to see if XAUUSD will hit higher prices or we'll have a a retracement!
If you found this idea useful please support us with (LIKE) and follow us to be always updated with our new ideas.
