XAUUSD: Uptrend
As there seems to be a deepening sense of fear on the fundamental outlook, the gold is being pushed up to 1312 USD/ounce till European session on Monday.
The price has broken out the previous triangle pattern, now is heading up to 1340 in near future IMO.
But 1312 still shows some resistance, then a pullback from 1312 to 1306/1308 should be seen before NY session.
The price has broken out the previous triangle pattern, now is heading up to 1340 in near future IMO.
But 1312 still shows some resistance, then a pullback from 1312 to 1306/1308 should be seen before NY session.
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