Gold Potential Breakout Continuation Above 1,757
1. Price crossed above the 1,757 level last week and stabilized. We did see a price drift back below this level and selling momentum did not pick up.
2. This leads to this week's outlook. If price can hold above the 1,757 level, we can expect further upside as price continues with the momentum from last week. I don't anticipate a sharp cross below this level, unless some fundamental news comes out. A slightly more likely scenario is if this price action fizzles if the level isn't respected for this week's open.
2. This leads to this week's outlook. If price can hold above the 1,757 level, we can expect further upside as price continues with the momentum from last week. I don't anticipate a sharp cross below this level, unless some fundamental news comes out. A slightly more likely scenario is if this price action fizzles if the level isn't respected for this week's open.
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.