19 February
Gold XAUUSD
- Gold unexpectedly shot higher to through resistance again at 2900/2905 & shorts were stopped above 2910.
- Gold is at a critical level as we test the short term 1 week upper trend line at 2935/40.
If you want to try a short, stop above 2944. - A sustained break above 2944 is a buy signal & we are likely to target 2956/58 & 2962/64.
- However failure to beat resistance at 2935/40 targets 2925/22 & 2916/13.
