Gold- 1760-1765 zone is key
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In Friday's commentary, I was wondering if Gold turned bullish. And, indeed, after a new dip to 1740, the price revered and has started to grow.
At this moment gold in trading exactly in resistance and still under the descending trend-line.
A break of the horizontal resistance can clarify the future direction and expose 1780-1785
On the other hand, reversal here could lead to a new low under 1730
At this moment gold in trading exactly in resistance and still under the descending trend-line.
A break of the horizontal resistance can clarify the future direction and expose 1780-1785
On the other hand, reversal here could lead to a new low under 1730
Note
This consolidation under 1760 resistance should lead to a strong breakNote
After a short lived dive under 1750, bulls took control
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