Around 1,650 - 1,700 gold has its crucial resistance level. In this area it has some possibilities of reversing and a down trend could follow from that, but if it breaks over this area we will probably a new all time high in gold - perhaps finally touching the 2,000 level that people have long spoken of.
I am looking for opportunities to use intra day trend following on gold if it does continue to press up with my target just under 2,000.
I am looking for opportunities to use intra day trend following on gold if it does continue to press up with my target just under 2,000.