Gold Poised to break out of Condolidation Wedge
Gold has been trading sideways for the past 6 months but the range is getting smaller and smaller as the market coils up and should pick a side in coming days.
Topside makes alot of sense with gold seen as a natural inflation hedge in the past so could see a new story develop to support a rally. Even as USD has been strong this week it has crept higher.
Key level is downside trendline at $1800-1805 then we have previous highs at $1830 and $1911 that would be targets the market naturally will try for.
Topside makes alot of sense with gold seen as a natural inflation hedge in the past so could see a new story develop to support a rally. Even as USD has been strong this week it has crept higher.
Key level is downside trendline at $1800-1805 then we have previous highs at $1830 and $1911 that would be targets the market naturally will try for.
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Come join us today at : easymarkets.com/
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.