XAUUSD to Remain Bullish Above $1,680

From dailypriceaction.com

Last week, I mentioned the significance of the $1,680 area for gold (XAUUSD) several times. I also talked about it in last weekend’s forecast video. The $1,680 region has been a key horizontal level for XAUUSD since February of last year. It’s also the support level of the descending channel that’s been in place for the last eight months, as well as a two-year trend line. And last but not least, $1,680 is near the 61.8% Fibonacci retracement of the 2020 to 2021 range. Sure enough, Monday reached a low of $1,677 before today’s bounce that’s currently sitting well above $1,700. So, what’s next for gold? As ... (full story)