jashjacob

GOLD Previous Rejection Line Taking Support

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
As per my last week idea, there was a strong rejection zone formed on the upside. In the last trading sesssion we saw GOLD break the drawn Rejection line with a small breakout above into our accumulation zone.

Currently, GOLD has taken support along the previous rejection line.
Comment: Heavy sell off seen in GOLD because of the overall negative sentiment in the Global markets. GOLD Prices have taken support near the bottom accumulation line.