- Gold has both broken out to the upside as well as retested its bull flag continuation pattern - Price would now need to break the important 1225 resistance region to confirm further upwards momentum to come
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
Comment
⋅
- Up-move stalling around the 1225 region - This is the mentioned resistance that would need to be broken to continue higher
Comment
⋅
- Price has now tested the 1225 region twice without a strong follow through to the upside - We could see a slight retracement back down today as we are in fairly oversold territory on the 1h + below timeframes - Expecting price to drop back into the 1217 support region if so - Could equally see a break of the 1225 level so keep an eye on this level