Gold - Still looks bullish

9 thg 5, 2023

Gold price has been rejected at the upper end of the range (260 - 270) for a third time recently and has pulled back slightly. Larger picture still looks bullish. Zooming out a little it seems we are still in a larger ascending triangle. The levels to look for will be the obvious horizontal resistance above - a break of 2100 should confirm - and then in terms of support, the blue trend lines below, TL1 and TL2.