Gold- pressing and pressing
I call for a correction in gold for some time now and, although we had intraday drops, they were quickly reversed suggesting that is strong buying power and every dip is considered a good opportunity to buy.
From the technical point of view, Gold is trading in an ascending channel and, considering the fact that bears are unable to drive the price to the channel's trend line support I suspect the break will be to the upside.
That being said, a swing trading target can be 1950 resistance and a drop under 1840 would negate this scenario
From the technical point of view, Gold is trading in an ascending channel and, considering the fact that bears are unable to drive the price to the channel's trend line support I suspect the break will be to the upside.
That being said, a swing trading target can be 1950 resistance and a drop under 1840 would negate this scenario
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