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XAUUSD approaching resistance
$XAUUSD pushing higher, now at 4185.78. Approaching what I have as a significant resistance zone from the weekly chart around 4190-4200. I'll be watching for price action here for potential reversal signals or a clean break.
3 comments · 3 points
Good call on the weekly resistance. I'm actually leaning more towards a break higher given the recent momentum, but will definitely be cautious at that level.
That range is definitely significant. What's your take if it does break through cleanly? Are you looking at the next major resistance much higher?