In my post yesterday, I mentioned that gold could extend its upward movement and reach the important 2720 resistance zone (clearly highlighted in the chart I shared).
As expected, the price climbed to that level and, as is typical, began a correction.
In my view, this pullback should be seen as a buying opportunity for bulls looking to rejoin the upward trend.
There is a strong likelihood that gold could break above this resistance level, possibly as soon as today or early next week.
As expected, the price climbed to that level and, as is typical, began a correction.
In my view, this pullback should be seen as a buying opportunity for bulls looking to rejoin the upward trend.
There is a strong likelihood that gold could break above this resistance level, possibly as soon as today or early next week.
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Gold corrected in the median line of the channel and broke above the small flag's resistance.Correction could be over.
A break above important 2720 resistance would expose 2750 zone
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.