05/01/2021 $XAU Trend is up, but we are at Resistance Short

GoldOANDA

Description

⋅ Jan 5, 2021 7:23 AM

1945 is a strong resistance especially given Nov red bar. Possible pullback to dump the weak hands, before possible continuation.

We might overshoot to 1953-57. Watch a strong fast up and rejection.

Targets: 1917, 1897, 1889

Comment

⋅ Jan 8, 2021 10:21 AM

I was wrong on timing but right on direction and levels. 1889 hit