As far as my charts go, I have never seen gold trade for more that 6 or 7 weeks above the 2000 level before dropping below. However this time around, bulls seem to have kept gold above 2000 for longer, even after a brief drop below, the price quickly came back up. This only shows me one thing: Bulls wanna go higher.
Note
And boom...Note
Now one more resistance to go through, hopefully...Note
BOOM...Note
Last hurdle...Note
Since I posted this, gold has gone through the roof and is not stopping anytime soon. I hope this post helped somebody...
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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.