Gold Price Weekly Technical Outlook: XAU Breakout Underway
From dailyfx.com
Gold prices have continued to march higher after breaking through resistance last week with the precious metal already up more than 1.1% since the Sunday open. Here are the key targets & invalidation levels that matter on the Gold (XAU/USD) weekly chart. Notes: In my previous Gold Weekly Technical Outlook we noted that the, “immediate focus is on a break of the 1302-1322 zone early in the month with the broader outlook weighted to the topside while above 1290. From a trading standpoint, we’ll favor fading weakness while above confluence support targeting a breach higher in price.” Bullion registered a low at 1302 last ...
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