Hello Traders,
let’s hit the charts…
1. XAU/USD (GOLD)
Gold already has an overall bullish outlook and the week has already resumed with the bulls making a considerable move.
In my opinion, it’s still too early to join the bandwagon as price is going through the consolidation band, and if the pressure from the buyers isn’t much, we may see price stall for a while before the movement continues.
Once price breaks 1652.15, there is a higher probability that price will continue North, and our next possible resistance level would be 1688.97.
What are your thoughts?
