Gold(XAUUSD) Bullish momentum still intact ?
Price bounced back strongly after yesterdays retracement & retest of 4229, currently at the verge of breakout of previous swing's high of 4305 which is immediate resistance. if price successfully gives breakout above it then, there is a very high chance of price retesting 4360 which is a significant resistance.
There is a presence of rising trendline, which might support the trend if price chooses to retraces first before breakout, Momentum is very strong high chances of continuation.
only long entries should be preferred.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
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