Gold broke through the 2015 trend-line earlier this morning, but perhaps more interesting is the mid-line of this channel that's been in action for 2+ years. This also coincides nicely with the 61.8% Fib retracement of the 'secondary move,' which takes the 2008 lows to the 2011 highs. A short setup may be approaching should this resistance hold.
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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.