XAUUSD Bullish Momentum Hinges on 1725

From dailypriceaction.com

Last week, Daily Price Action members and I were watching a retest of a key support area for XAUUSD (gold). The area I’m referring to is the bottom of a recent wedge pattern near 1690. We saw XAUUSD sellers take out the top of that wedge at 1705 on May 27th, but I told members to watch to see if the market could recover. Notice how gold recovered back above the top of that wedge pattern near 1705 on a 4-hour closing basis. That was the first buy signal. Next was the May 29th close above descending channel resistance just above 1720. We haven’t seen a retest following that breakout, but so far today, XAUUSD is ... (full story)