theforexcommunity

Gold Long Reaching New Highs

Long
OANDA:XAUUSD   Or / Dollar Américain
As previously seen if you follow me this is the setup from the current week, heading into next week.

-Strong resistance at 1690 area where we seen previous rejections including a interesting spike and dramatic drop before close on Friday.

- Strong support at 1535-1540 as shown on chart (which i don’t see retesting for a couple days due to fundamentals

My prediction- Ahead of this week we will see a break through of the current highs of 1692 touching our tp2 area with some fundamentals inbound and the number of deaths rising around the world from Covid-19

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