BambooGrowth

XAUUSD - Weekly Forecast

FX:XAUUSD   Gold Spot / U.S. Dollar
78 0 3
Gold             bounced up from 1300 horizontal support level (also 2015 high), but we are not yet bullish on Gold             . Only a daily close above that Descending channel (currently at 1330) will expose the 2011 Trend line resistance (currently at 1355)

We will stand aside this week to see how prices react around that 1330 level before taking on any trades. Current prices not allowing for good risk reward ratios , so we will monitor Gold             this week for any price action signals ( bullish or bearish )
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