XAUUSD Daily Close to Determine Future Direction

From dailypriceaction.com

XAUUSD (gold) continues to push higher following the December 23rd breakout above the 1480 confluence of resistance. I wrote about that breakout on December 19th and several times before then. The rally earlier this year combined with this latest consolidation that carved a falling wedge looked constructive. In other words, it signaled more gains ahead for XAUUSD. And things still look constructive to me. The is carving fresh multi-month highs, and today’s session is above the 1515 key level that was our first target earlier this month. However, we’ve yet to see a daily close above 1515. Without a daily close ... (full story)