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Jul 8, 2020 2:23 PM

Gold Breakout above $1800 is Significant Long

Gold FuturesCOMEX

Description

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
Comments
kaotic363
My EXACT same thoughts for a long time now. The triple top at $1800 cash was/is HUGE. The price capping at this level in 2011/2012 is way more meaningful then the $1922 cash high.
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