rayshen0411

Gold sweeps the weekly resistance

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold just sweeps the weekly liqudity 2001 level, then have a fall down

As you can see the price didn't defense the support at 1966 level, so it becomes a resistance

What does it mean?

If the price breaks the neckline, it may continue to move down, first level is 1840, then 1825.

Hope you guys catch the pips!

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