Gold: Thoughts and Analysis
Today's focus: Gold
Pattern – Breakout, Continuation.
Support – 1988, 1937.60
Resistance – 2018.50, 2050.45
Hi, and thanks for checking out today's update. Today, we are looking at Gold on the daily chart.
Today's video asks if Gold will contnue to move higher after yesterday's breakout. We have run over all the signals we see confirming the possibility of higher prices. We have also broken down higher resistance levels that we would like to see tested to maintain our thoughts and things to watch out for in case we see a new pullback from weekly highs.
What do you think? Could we see a new test of 2050 if the USD continues to trade lower?
Good trading.
Pattern – Breakout, Continuation.
Support – 1988, 1937.60
Resistance – 2018.50, 2050.45
Hi, and thanks for checking out today's update. Today, we are looking at Gold on the daily chart.
Today's video asks if Gold will contnue to move higher after yesterday's breakout. We have run over all the signals we see confirming the possibility of higher prices. We have also broken down higher resistance levels that we would like to see tested to maintain our thoughts and things to watch out for in case we see a new pullback from weekly highs.
What do you think? Could we see a new test of 2050 if the USD continues to trade lower?
Good trading.
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