Get started
CFDs on Gold (US$ / OZ)

Does Gold will make much awaited breakout ?

By rtechs
Updated
GOLD price broke to new high yesterday and came very close to the jan high of $1365. Inability of GOLD to finally break above $1365 is not a good sign. If BULLS can hold above $1340 and make another try to break above $1365, then we can see much awaited breakout. Inorder to be in race GOLD should be trading above $1340-30 levels.

Chart Summary

Support at $1340- $1330 levels.
Breakout above $1365 (bullwin)
Note
Gold down by more than 12 points... need to see whether it holds at support.
Note
yesterday gold holds support of 1330....
Chart PatternsTrend Analysis
rtechs

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.