Very exciting bull triangle for GOLD.
Gold trades within 10 USD of an area of resistance (1835) that has been rejected six times between July and August. Support to gold continues to be provided by an ongoing drop in US treasury yields. Furthermore the bull market can be support by inflation data coming wednesday. I am long and has been for a couple weeks now. If we breakout I will add significantly to my position.
Gold trades within 10 USD of an area of resistance (1835) that has been rejected six times between July and August. Support to gold continues to be provided by an ongoing drop in US treasury yields. Furthermore the bull market can be support by inflation data coming wednesday. I am long and has been for a couple weeks now. If we breakout I will add significantly to my position.
Comment:
I just added to my position in GOLD. Breakout and worse than expected inflation data to support