TheTradingPulse

The Bears tried but the Bulls Prevailed

OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Weekly. On NFP day the bulls managed to push the price down by 345 pips which was roughly half of the total bullish move last week. However the bulls managed to break and close above the high of week 19 September. The bulls managed to take control of last week. We mentioned on Friday that the bears would be in better position if they closed below 1687.98 during the closing bell. Unfortunately, they only managed to have a close of 1695.
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