Gold and the rally to 1855
Updated
Yesterday we looked at the option for a rally to 1855.
If you haven't seen it yet, then you can check it out:
The move hasn't yet started and price is forming a consolidation and a triangle pattern formation. This could be a very good entry opportunity once we have a breakout.
We have to make sure that price isn't making any lower lows but instead breaking above previous highs and then to make an entry on the breakout.
The zone below the 1830 level is still an important resistance and our target is 1855!
If you haven't seen it yet, then you can check it out:
The move hasn't yet started and price is forming a consolidation and a triangle pattern formation. This could be a very good entry opportunity once we have a breakout.
We have to make sure that price isn't making any lower lows but instead breaking above previous highs and then to make an entry on the breakout.
The zone below the 1830 level is still an important resistance and our target is 1855!
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