The breakout of XAU/USD through the 1509.9301 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of XAU/USD to test 1541.7660 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements?
If you open a live account with a broker that support Autochartist, you’ll get:Analysis as low as 15 minute data intervals Short term forecasts Risk and volatility information