RationalTrader
Long

breakout on gold

FX:XAUUSD   Gold / U.S. Dollar
56 1 5
breaking out of weekly trend
Comment: waiting for consolidation on upside of weekly trendline
snapshot
Comment: strong resistance above at fibo level 0.382 at 1382 on weekly chart, price might need to build more momentum before ready to break above this resistant level.
snapshot
weekly chart showing strong resistance at fibo 0.382 above, might be a stronger consolidation that will occur amon weekly trendline, before price are ready to go higher and break this fibo resistance at 1382.
snapshot
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