FibLines

Gold Breakout above $1800 is Significant

Long
COMEX:GC1!   Gold Futures
I have always viewed this $1800 price level in #gold as more significant than the $1910 blowoff top 2011. $1800 was the multi-month, triple tested resistance level that precipitated the 6-yr base. If it holds, the breakout above this level is secular and very bullish imo. $GLD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.