Gold Intraday Outlook into the new year
Gold has recently shown a strong technical reversal off meaningful inflections. Most notably the upward sloping internal trend line from 2018- 2019 yearly break out. We are monitoring a potential retest of the inflection point developed in early NOV between 1956-1980. The gap of excess on the profiles has been evenly filled over the 2020 yearly close. Thus implying continuation through the top of the range and a potential retest of the 2000 figure. Notable excess gaps on the RTH session do give way to pull back opportunities.
Areas of Interest
1956.1
1929.5
1912.4
Areas of Interest
1956.1
1929.5
1912.4
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