Gold- where to?

6 באוק׳ 2021

There are already 5 trading days since Gold is trading in a tight range with clear support around 1750 and resistance in 1765 zone.
Considering the Pin Bar reversal on the weekly chart (last week) the odds are in bulls favour and a sustained break above 1765 would expose 1780 zone resistance.
This scenario is valid as long as the price stays above support.