We can see how gold reached a high probability reaction point at 3,000, where we had the past ATH, now we see how gold is rising after that rebound, we have some levels marked in the area of 3028 and 3035 approx, where we are waiting to see the price action when reaching these areas, if the price decides to break up we could be waiting for a new ATH during the next week, at a target of approximately 3,100, otherwise we could see a small reversal to the levels of 2893, to 2950.
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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.