Gold Analysis: Strong reversal at 1678 weekly support [Video]

Duncan Cooper ACY Securities

:Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the Gold weekly, daily, and 4 hour charts.

XAUUSD weekly chart on ACY MT4

Last week price reversed at the 1678 weekly support level.

XAUUSD daily chart on ACY MT4

1697 daily support level and 62-79% fib retracement area.

Watching for price to pull back and hold at this intraday support level for a further advance this week.

Author

Duncan Cooper

ACY Securities

Duncan Cooper is a full-time trader and mentor. He has been actively trading the financial markets for more than 15 years and has traded stocks, options, futures, and the Forex Market since 2005.

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