OptimoomFX

Gold- Up! Up! Up!

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold had a spectacular week, on Monday morning price reaching 1980 just to dive 700 pips in the next 6 hours.
Volatility continued through the week with price having enormous ranges over the trading days, but with bulls maintaining control and putting in higher hights every tine which led to an ascending triangle formation with a clear resistance at 1980.
I expect this resistance to be broken next week and for the price to accelerate upwards above 2050.
Friday's low is now support and dips towards this support should be bought.

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