Gold has been in a downward channel in the past after dropping from high of 1950.
If prices get above 1720, it might serve as a good buying opportunities. If it fails, it can still go lower than 1680.
The next resistance is at 1750 where the upper bound of the channel.
The next move could potentially breakout from there and go to 1780-1800 or take a dip to retest the base at 1710.
If prices get above 1720, it might serve as a good buying opportunities. If it fails, it can still go lower than 1680.
The next resistance is at 1750 where the upper bound of the channel.
The next move could potentially breakout from there and go to 1780-1800 or take a dip to retest the base at 1710.
Comment:
with latest hitting near 1780.
