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Layne_LV
Dec 26, 2019 3:18 AM

GOLD (XAUUSD) Market Outlook | Daily Forex Market Breakdown 

Gold/U.S. DollarFXCM

Description

1500 met as previously called in my last post. Now things are very interesting. Can we sustain bullish momentum and push above 1500 or are we going to reject hard and roll over to the downside back down to retest 1450?



As you can see in my previous post I was calling a retest of 1500.

Watching very VERY closely. As always if I see any changes in market conditions I will let you all know!
Comments
Johannes100
go long up toe next year toe 1600 and 1800 and 2021 $2000
Layne_LV
@Johannes100 definitely not impossible!
Layne_LV
@Johannes100 thank you for your feedback!
KrustyHack
I'm long since 1500. Waiting to see if we pop out the 1508 resistance which is a Senkou Span B extension :
Layne_LV
@KrustyHack thanks for the comment!
vic-morrow1971
Upside levelled @ 1511
Layne_LV
Layne_LV
@vic-morrow1971 thanks for the comment!
Johannes100
no i dont think it will go down toe 1450 the next resistance is 1470 and its might not go there investors will lose the opportunity if thy are waiting
Layne_LV
@Johannes100 not a bad idea, we shall see!
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