WIll gold breakout bullish? Or wil daily resistance prevent this
Updated
Short update for gold:
Pay attention to the bullish channel. If gold repects the channel posible breakout bullish back toward 2000 and above.
But... There is a big Daily resistance laying around 1991-1993. Wich can prevent gold from climbing any further. Rejection is mostlikely. If this happends we need to pay attention to 1975-1977 level. If it can't break below we should buy the market again. If it breaks below 1975 and below the bullish channel then we should add more sells.
Pay attention to the bullish channel. If gold repects the channel posible breakout bullish back toward 2000 and above.
But... There is a big Daily resistance laying around 1991-1993. Wich can prevent gold from climbing any further. Rejection is mostlikely. If this happends we need to pay attention to 1975-1977 level. If it can't break below we should buy the market again. If it breaks below 1975 and below the bullish channel then we should add more sells.
Note
Trade active. Running 80pips. Time to secure partial and hold some for posible bigger targets.Congrats!
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