XAU/USD - Market Update - 78.60% Major Fibonacci has been broken!
We were struggling all of last week with our Resistance of 1325.00. However; price couldn't break it's consolidated zone of 1312.50. Making another wave to the upside. We've broken our Major Fibonacci of 78.60% which means that we are expecting price to reach 1350.00 and possibly -ABOVE- by the end of this week.
Potential bearish movements are far away from happening unless we see price struggling with 1350.00 (If price does reach that area).