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simontien

Weekly bullish engulfing Vs nice daily resistance

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
simontien  
FX:XAUUSD   Gold Spot / U.S. Dollar
Engulfing Candle support Gold Weekly Charts Support and Resistance price wait
2
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engulfingcandle support gold weekly supportandresistance price wait
Gold has just put a pretty strong bullish engulfing on weekly chart that could push price higher for a while.

Anyway, on daily chart gold is approaching a nice area of resistance.

Let's wait and see how price will behave in that area: having rencently broken support, short side is still preferred.

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