Gold starts 2023 with a new breakout. Welcome to 2023 traders. We hope everyone had a lovely holiday period.
On the first trading day of the year, gold buyers are setting the tone with a new breakout and setting up a new trend continuation.
Risk markets continue to trade mixed with some gains on stock futures while major risk currencies are trading lower to the USD and sharply lower to the Japanese Yen.
Today's video analysis, we look at gold's price action so far today, its pattern break, and we look above to potential key resistance levels we are looking at. Will we see buyers continue to push today’s breakout? Could we see 1876 resistance tested in the future?
Good trading, and happy 2023 to all.
