Yesterday, Gold broke out of the channel which it has been following since early August. The break out was produced by a massive candle of more than +2.3% in a day, which is rare for Gold.
Considering the prior, I see the commodity gaining more strength in the coming days, potentially rivaling the all-time-high in the near future.
I've marked two areas of resistance on the chart where I expect a lot of bearish pressure, although I'm quite sure Resistance 1 won't be any issue.
Considering the prior, I see the commodity gaining more strength in the coming days, potentially rivaling the all-time-high in the near future.
I've marked two areas of resistance on the chart where I expect a lot of bearish pressure, although I'm quite sure Resistance 1 won't be any issue.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.