Gold Price Action

Hello Price Action Traders.

Xau/Usd – Gold

The Gold Spot Market, after Ben Bernanke words regarding the tapering, went striaght up very quickly showing rejection of the supportive areas.
The price was supported on dynamic and static levels at $ 1,300 area forming a bullish day very obvious if you analyse a daily naked chart.
We can then expect in the coming tarding sessions the arrival on primary resistance at $ 1,420 and if this one will be broken it will be a buying signal to go to test  $ 1,475.

 

 

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