After 3,5 months in a sideways movement, Gold breaks up 1625 resistence. Based on technical chart we can expect a bullish short term uptrend to 1738. We wait for a closing value above 1625 to confirm the signal, with stop loss under 1585. The trend is correlated with EURUSD, that's in uptrend at the moment, above 1.2450.
Comments
timwest
⋅
Bullseye!
yogeshkanabar
⋅
Gold seems to tgt 1690-1720 as it has got the break out. even its visible in RSI 64 show strength ...