Hello traders!
Today, gold is still trading at a high level around the $1948 mark and is currently facing immediate resistance at $1970. It can be observed that after breaking out of the downward trend, gold has yet to experience significant breakthroughs in trading.
It is expected that there will be a slight decrease to test the previously broken-out area before the upward trend is officially established and a new peak is formed at higher price levels.
Today, gold is still trading at a high level around the $1948 mark and is currently facing immediate resistance at $1970. It can be observed that after breaking out of the downward trend, gold has yet to experience significant breakthroughs in trading.
It is expected that there will be a slight decrease to test the previously broken-out area before the upward trend is officially established and a new peak is formed at higher price levels.
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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.
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.