Gold is finally break the previous resistance due to the tumble of US Dollar (DXY). But it still looks very bearish.
We could found numerous resistances above the current level, and i think it will be very hard for gold to keep moving up.
We could found numerous resistances above the current level, and i think it will be very hard for gold to keep moving up.
Note
Look at this chart, what a beautiful resistance!Trade closed: stop reached
Gold breaks out
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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.