Gold’s repeated failure to breach 100-DMA support earlier this week followed by a sharp rise on Wednesday and a day end close back above 100-DMA suggests the metal has switched gears and is heading towards flag resistance of $1353/Oz.
A daily close above $1353 would mean a larger uptrend from the December low of $1047 has resumed.
A daily close above $1353 would mean a larger uptrend from the December low of $1047 has resumed.
