Gold- will it break above resistance?

After the strong reversal on Friday, last week, marked by a small double bottom in 1720 zone, Gold has risen 400 pips and. now is trading in interim 17660-1765 resistance zone.
Bulls are in control now, and a break above can be only a matter of time.
The next important resistance zone is 1780-1785 zone and this can also be the target for long trades
1750 is now support

Commentaire:

And up we broke