We can see price has broken a key trendline acting as resistance. Price has not retested such breakout, for we ought to wait for a pullback if we want to go long.
Could this be only a long term pull back? Will price bounce back down between 50% and 61% Fib retracement?
Is gold on it's way back to 1,300s?
I recommend you set your initial targets at
A: 1240.00
B: 1265.00
Should price continue to break them higher, move along the trend with the market.
Best of luck!
Could this be only a long term pull back? Will price bounce back down between 50% and 61% Fib retracement?
Is gold on it's way back to 1,300s?
I recommend you set your initial targets at
A: 1240.00
B: 1265.00
Should price continue to break them higher, move along the trend with the market.
Best of luck!