Gold – trend line breached, but follow through is weak
The weak follow through post breach of the key rising trend line support suggests the bears may have run out of steam. The 4-hr candle with long tail also points to bear exhaustion.
Thus, prices could catch bid and revisit $1283.
A break above the descending trend line hurdle seen now at $1286 would expose $13100 levels.
Thus, prices could catch bid and revisit $1283.
A break above the descending trend line hurdle seen now at $1286 would expose $13100 levels.
