XAUUSD Hovers Below Key Breakout Point

From dailypriceaction.com

XAUUSD (gold) continues to churn below key resistance. I wrote about the $1,740/50 area on June 9th. In my opinion, that’s the area buyers need to clear on a daily closing basis to send gold higher. If you’re new here, the “daily closing basis” refers to the 5 pm EST close. You’ll need New York close charts (also called five-day charts) like the ones I use so that each daily candle opens and closes at 5 pm EST. Until buyers close XAUUSD above $1,750, we can expect this consolidation to continue. Key support for gold remains that $1,680 area. Notice how $1,680 served as resistance in February and March ... (full story)