Quick idea.
Gold managed to break above its medium-term downside resistance line, but is struggling to move above the current high of December, at 1487. We need a clear push above it before we could get comfortable with further upside.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Gold managed to break above its medium-term downside resistance line, but is struggling to move above the current high of December, at 1487. We need a clear push above it before we could get comfortable with further upside.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.