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MargaretYang

gold prices breached above multiple resistance levels this week

CFDs on Gold (US$ / OZ) (TVC:GOLD)  
MargaretYang  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis
3
0
trendanalysis
gold prices breached above multiple resistance levels this week, underscoring a strong upward trajectory. An immediate resistance level can be found at around 2,064 the 100% Fibonacci extension. A pullback from here may lead to a test of 2,007 for immediate support. The MACD indicator is trending higher above the neutral midpoint, suggesting that bullish momentum is dominating but prices may be vulnerable to a technical pullback.
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