FX_IDC:XAUUSD GOLD / US DOLLAR
because of the trend and the risistence, it's probable that the monthly chart is going down. Porblem is that I don't know if it's going to 1055, 680 or 1055 then back up and finally to 680. Maybe you have the answer?
Very possible. This move up has been primarily on investor sentiment rather than fundamentals. When I start drawing more lines in a smaller time frame I see possible break back up to 1350 which would be a psychological resistance are as well. WE are in a bit of a flag patter an the moment. I think that the next wave will tell us if we break out from the current channel/flag that we are in.