Gold found support but still not a strong long.
Gold found support today at the 2/1 and 4th sq rt progression, a break under this level could indicate price could test the bottom of channel. As long as gold finds support above this level I believe gold could try to test 1300 to 1308 as resistance.
If gold can break out above ( daily close) 1300 and its upper channel, look for higher gold prices to come with resistance at 1338 and 1376
If gold can break out above ( daily close) 1300 and its upper channel, look for higher gold prices to come with resistance at 1338 and 1376
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.