Gold is currently testing previous highs from July of 2014. This week just closed above that trend line which has been holding price for almost a year. If we can get a break of this resistance zone we may see a possible swing long to the next resistance zone which aligns with the 127 fib. extension (green line under the top blue box --- 1374.00 area).
Keep in mind this is a weekly chart. So this trade could take several weeks to play out
Comments
MarioAlzuri
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check my gold's idea published couple months ago :)