Chart of the day

XAUUSD is retesting a broken upside resistance of 2140 for an extension higher. So far we are seeing a bounce from it and if it continues we could see a strong extension higher to 2300.

Only in the case of a break below 2140 again, we can expect a downside reversal and a deeper pullback to 2000 support. An immediately confirmed extension higher would warrant a test of 2300. Look for the long trades here or a swing short trade in the case of a break below 2140.

_{Look for the long trades here based on the price action and short trades only in the case of a break below 2140.}