XAUUSD is breaking above the 1680 resistance
XAUUSD is testing solid near-term resistance 1680. A bounce off 1620 again and a break above 1680 would lead to double-digit gains and a continuation higher to 1800. If we do not get a break above this level we will see a further consolidation between 1620 and 1680. This will certainly be a break higher for all the commodity sectors after the period of consolidation.
Note: look for the long trades upon a break above 1680 with the stop loss below 1670
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