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Gold - key spot for the metal
Gold Spot / U.S. Dollar
Gold - key spot for the metal
By Silvestrov
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Aug 25, 2020
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Aug 25, 2020
Key time for
XAUUSD
and
GC1!
, as gold continues to consolidate inside the triangle.
Breakout above resistance at ~1970 would indicate strong possibility of trend continuation and new ATH.
However, if support levels are not held, risk of much stronger and deeper pullback to at least ~1700$ is likely to be starting
Somewhat similiar logic can be applied to
XAGUSD
as well right now
Commodities
GC
GC1! (Gold Futures)
Gold
preciousmetals
Silver
Trend Lines
Triangle
XAUUSD
Silvestrov
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