Gold has been on a strong rally all year. It appears to be pausing for the moment and refusing to make and lower lows or higher highs. To me this looks like the Market is flagging and pending a breakout.
If it breaks out to the upside look for $1,400 to get tagged.
If it breaks lower look for $1,250's to get tagged.
I have no idea which way this will break... Just looks like the Upside has the upper hand in this market.
If it breaks out to the upside look for $1,400 to get tagged.
If it breaks lower look for $1,250's to get tagged.
I have no idea which way this will break... Just looks like the Upside has the upper hand in this market.
Trade closed: target reached