Gold spent nine months in a bearish channel making up the bull flag formation.
That gave way last week, Gold broke above a big level of confluence around 1860 and has just continued to run.
This morning saw the 1900 level come into play, and now bulls facing a bit of pressure.
Pullback potential here with RSI going heavy overbought, that prior spot of resistance ~1860 becomes support potential.
That gave way last week, Gold broke above a big level of confluence around 1860 and has just continued to run.
This morning saw the 1900 level come into play, and now bulls facing a bit of pressure.
Pullback potential here with RSI going heavy overbought, that prior spot of resistance ~1860 becomes support potential.