XAUUSD Buyers Keep the Pressure On

From dailypriceaction.com

XAUUSD buyers haven’t done it quite yet, but they’re getting close. I discussed the potential for a bullish move from gold in Saturday’s Forex forecast video and again on Tuesday. The idea hinges on the 1480 confluence of resistance. Buyers need to close XAUUSD above that 1480 area in order to send gold higher, perhaps into the next key resistance at 1515. The “daily close” refers to 5 pm EST. Be sure to get access to the same New York close charts I use for trading price action. Notice how 1480 is the location of a horizontal level as well as a trend line that extends from the year-to-date high. That trend ... (full story)