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neilwilsonmarkets
Mar 18, 2021 10:01 AM

Gold break post Fed Long

GOLD (US$/OZ)TVC

Description

Looking for a breach of the big $1,760 resistance to clear out a move to the top of the Bollinger Band around $1795/1800. Bullish MACD crossover in oversold territory signals momentum with bulls on this but resistance is strong at $1.760. Fundamentals encouraging as the Fed lent on the short-end of the curve by saying it won't raise rates but letting longer-end yields and inflation expectations rise.
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