Gold - Powering Higher into MDW
Gold retraced as expected to the $1,721 at the lower bound of the short-term ascending channel and has reclaimed both the $1,725 resistance line and lower bound of the long-term ascending channel.
Next, it is expected to rebound with the completion of the triangle to $1,765 at the upper bound of the short-term ascending channel. There could be resistance at the $1,736 resistance line and $1,754 at the upper bound of the long-term ascending channel.
Next, it is expected to rebound with the completion of the triangle to $1,765 at the upper bound of the short-term ascending channel. There could be resistance at the $1,736 resistance line and $1,754 at the upper bound of the long-term ascending channel.
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.