Mihai_Iacob

Gold- Upside potential is limited

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Since the beginning of the year, Gold has risen by 600 pips.
However, after breaking above 1830 important resistance, the price stalled and is in consolidation when we would have expected a strong continuation to the upside.
For me, this is an indication that a reversal can happen soon
Gold under 1840 on the daily basis would reinforce my opinion and a drop under 1830 would confirm a false break

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