Still Bullish Whilst Support Holds
After price made a break higher and through the multi-year resistance level price action on the daily chart of Gold has stalled.
Price has formed multiple inside bars and has not been able to break the high of the daily candle from 8 sessions ago.
This market looks bullish whilst the support continues to hold, but the near term support does look important.
If this support level can hold for a major push through the consolidation resistance zone, then we could see a much larger leg higher and further bullish trading opportunities.
Price has formed multiple inside bars and has not been able to break the high of the daily candle from 8 sessions ago.
This market looks bullish whilst the support continues to hold, but the near term support does look important.
If this support level can hold for a major push through the consolidation resistance zone, then we could see a much larger leg higher and further bullish trading opportunities.
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