The week is over and it was a very bullish week. But if we consider the longterm downtrend on the weekly chart, then there is a resistance area at 1356/60 and we have to be honest to say that in consideration of current financial happenings gold is getting less attention for a trendchange into a long term uptrend so therefore a reversal is very likely.
Looking forward retesting 1200 in August.
Looking forward retesting 1200 in August.
