XAUUSD: Week 23rd to 27th of October

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
275 2
Bullish close of the week.
On chart is upcoming week levels of support/resistance .
Red lines = exact levels of support/resistances.
Red : blue line = zone of support/resistance .
--> On a given timeframe: If closing above both a blue + red line = resistance level taken out and old resistance becomes support.
Comment: In a clear "long" position zone.
Comment: Very bullish reversal so far.
Comment: Today's high @ upper weekly resistance level interval. For reversal, it should get above.
Comment: GO LONG!!!
Let's see if it works over the next few weeks. Good luck
+1 Reply
Viking83 fruitman82
@fruitman82, I'm sure the levels will work, but how they are used is what determines the outcome I guess.
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