FX:XAUUSD   Gold Spot / U.S. Dollar
Upon market opening and throughout these coming weeks, GOLD will either be strongly bullish or bearish. At this point the spot metal is at a very crucial resistance level which might have been unclearly broken yet but if is then we can expect price to make its way up to the next resistance level of 1537.00 or further above to 1558.00 level as the descending trendline has been clearly broken and retested. Alternatively we might expect price to make its way straight up to the 1538.00 level from this point before making a retracement 38.2 at 1517.00 support and shooting up to the last visible resistance level of 1558. and the last alternative is that the market can open on a bearish bias with the price making its way down to the ascending trendline as it is currently on a multiple-time-tested-resistance and if clearly broken then a retest can be anticipated before taking any sell trades to the support level of 1460.00 as the possible target.
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