Although 1750 handle is well broken, price is now finding resistance at the weekly rejection zone (1770 handle).
But looking at monthly, gold may well still have legs for their last push. Will watch for buyers at 1750/1760 handle.
Be patient and keep stops tight.
Price seems to be holding but the consolidation cannot be ignored.
Looks heavy and prime for a move down to the next area of interest 106 handle.
- Wait for daily break of trend line.
- Wait for daily candle close.
- Keep stops tight
Lastly, be patient and swing your way!
Weekly close suggest bulls still in the running.
Nearest sellers can be found around 1790.
- Break of trend line and close above resistance should commence the move.
- Keep stops tight and wait for daily candle confirmation.
Lastly, be patient!