Can GOLD break and reach 2050$ again??
Hi everyone
After the accumulation that we had for almost a month on XAUUSD, We can finally see the price breaking through 1965$ resistance level.
Now we have a support level of 1910$ beneath and a resistance zone on 2050$
above.
Considering the possibility of staying in this channel and not having another correction in price( I believe after 5 bullish candles in Daily we can see correction), we may see the price touches the 1965$ level and start reaching 2050$ which can also be a strong resistance level.
After the accumulation that we had for almost a month on XAUUSD, We can finally see the price breaking through 1965$ resistance level.
Now we have a support level of 1910$ beneath and a resistance zone on 2050$
above.
Considering the possibility of staying in this channel and not having another correction in price( I believe after 5 bullish candles in Daily we can see correction), we may see the price touches the 1965$ level and start reaching 2050$ which can also be a strong resistance level.
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