GOLD (XAUUSD) Strong Resistance Ahead

5 באפר׳ 2020

gold is very close to a strong structure resistance.

with a relative weakness during this week, it is hard to say whether it will break it or not.

pay attention to breakouts:
bullish breakout of the resistance will confirm the buying sentiment and will give us a perfect opportunity to long
bearish breakout of the wedge will give as a short term selling position.

entering from current prices is quite risky!

good luck!