FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
As we have previously predicted the rise in Gold price on the First idea, We saw golds price soar to the 1340 price area. Now on our Monthly timeframe we can see that gold has been bouncing in an ascending triangle with the the 1360 price resistance holding Strongly since around 2013/14. So what are we saying : gold could potentially break the 1340 price level and ultimately test the 1360 level. or at this moment at the 1340 level we could see more bears coming in as the market has a potential double top scenario(1h). we will wait for more price action confirmation and take it from there

peace

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