FX.co ★ king.zelda | XAU/USD, GOLD

GOLD H4 The pair was trading in an ascending trend channel, with the lower boundaries of the trend channel being broken. There was selling volume present. I anticipated it would go lower. It was trading around the levels of 2836.48. It moved higher, breaking the resistance at 2885.28. The pair moved up to the resistance at 2933.48. There was a range here, indicating a buying opportunity. I anticipated the pair would go slightly higher. There was a volume breakout, and the pair moved towards the resistance at 2994.03. There was selling volume present. I anticipated the pair would go higher, towards the resistance at 3044.87. There was selling volume here. The pair started to correct. It retraced slightly, with volume present. And the pair moved higher. It is currently trading near the resistance at 3090.64. I expect it to go even higher, towards the resistance at 3155.73.