Gold’s Bullish Breakout: Long-Term Perspective and Key Buy Zone
Since July 2020, through February 2022 and April 2023, Gold held a solid three-year resistance, unable to break the 2075 level. It wasn't until a previous swing low at 1984+ broke that we saw a key high/resistance break above 2144+. Since then, Gold has been performing exceptionally well and has remained my go-to commodity for trading. From my perspective, it’s all buys until the next major resistance level kicks in. Anything from 2496+ to the current price of 2586 is a pullback, and this area should be the primary focus for buys. I remain a firm believer that Gold is heading towards $10,000 per troy ounce – a view I've held since 2017.
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