A close above the resistance trend line (~$1899) would be extremely bullish for Gold. A close below this level does not rule out a bullish breakout, but it could possibly signal more sideways grinding or even one last flush down within the downward channel.
Wouldn't it be great if we could get a daily, weekly, monthly, and yearly close above this key level?!
Everything shared here is only my opinion and no results are guaranteed.
Wouldn't it be great if we could get a daily, weekly, monthly, and yearly close above this key level?!
Everything shared here is only my opinion and no results are guaranteed.
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In addition, if we do happen to get one last flush down, as mentioned above, my highest expectation would be that Gold would find support within the $1765 - $1775 range. I would be a MAJOR buyer there as it would be a phenomenal entry point and/or place to add to your holdings.
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The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances.
Good luck!
Good luck!