OANDA:XAUUSD   黃金現貨 / 美元
Hey Traders,

Gold has been in a rally for last 5 weeks and finally those highs from 2013 have been taken. We are sitting at monthly resistance where we can also find weekly fibo 50 level.

On a weekly chart we can see a pin bar supported by high volume. Although the pinbar has a long week to the upside it has not closed bearish.

What goes up must come down so I am expecting a pullback here to 1360 ish where my buying area is located. There is a nice confluence of weekly support + 50 fibo level.

Overall I am bullish on this market.

What are your thoughts?

Trade what you see not what you think!

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