Gold is hitting a trend line that began in 2011 (dark green line on daily and monthly chart)
- Gold has been rejected the the trend line 7 times, however 4 of those time have come since july of 2017.
- I believe with this all of the geopolitical uncertainty, gold will be able to push through but it will have to consolidate prior to the push up.
- Major resistance after breakout would be at approximately $1371 and $1423 (orange lines)
- Gold has been rejected the the trend line 7 times, however 4 of those time have come since july of 2017.
- I believe with this all of the geopolitical uncertainty, gold will be able to push through but it will have to consolidate prior to the push up.
- Major resistance after breakout would be at approximately $1371 and $1423 (orange lines)
