XAU/USD – The Price of GOLD Has Been Stagnant at The Same Level For a Few Days.

If you are looking for short-term setups, the picture above shows GOLD on the H4 time frame. The price is between the trendline and support. This is a perfect opportunity for both bulls and bears. The first resistance for bulls is the trendline resistance, and for bears, it is the support. The price will probably try to break resistance very soon.

For a bigger picture, check the daily chart below. As you can see, the bulls are already in action. Make sure that you are following the economic calendar.

Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. The slogan ‘Press On’ has solved and always will solve the problems of the human race.

Calvin Coolidge