Looking back:
I mentioned about XAUUSD almost approaching long-term trend line since June 2006 in my post few weeks ago (20th July 2018)
Weekly Chart:
Bullish candle considers as confirmation for reaction with the long-term trend line since June 2006
Daily Chart:
Friday closed nicely with a bullish candle and broke the short-term trend line since 14th June 2018
Watch out:
1. First resistance @ 1210
2. Mid-term down trend line since April 2018 still intact.
3. Resistance @ 1238
4. The previous long-term up-trend line since Dec 2015 act as a resistance
Action:
Buy orders waiting to be filled around zone 1190-1200
I mentioned about XAUUSD almost approaching long-term trend line since June 2006 in my post few weeks ago (20th July 2018)
Weekly Chart:
Bullish candle considers as confirmation for reaction with the long-term trend line since June 2006
Daily Chart:
Friday closed nicely with a bullish candle and broke the short-term trend line since 14th June 2018
Watch out:
1. First resistance @ 1210
2. Mid-term down trend line since April 2018 still intact.
3. Resistance @ 1238
4. The previous long-term up-trend line since Dec 2015 act as a resistance
Action:
Buy orders waiting to be filled around zone 1190-1200
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