simontien
Short

Weekly bullish engulfing Vs nice daily resistance

FX:XAUUSD   Gold/U.S. Dollar
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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