XAUUSD Hitting 44 year Resistance
Gold is currently hitting a key resistance area that goes back to 1980 (44 year) trendline.
Some time may be required to correct and absorb this recent bull move. However, I would not be selling out of it completely if that's what one wishes to do with this information.
I prefer people read this chart as a good way to set their expectations in case Gold stalls for a while to prevent them from panicking out of this position.
Longer term I remain bullish on gold. Especially with Trump the 6-time bankrupt "businessman" being the 47th
Some time may be required to correct and absorb this recent bull move. However, I would not be selling out of it completely if that's what one wishes to do with this information.
I prefer people read this chart as a good way to set their expectations in case Gold stalls for a while to prevent them from panicking out of this position.
Longer term I remain bullish on gold. Especially with Trump the 6-time bankrupt "businessman" being the 47th
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