As seen on the graph, Gold (
XAUUSD
) was in a bull flag, and is now jumping out of it in the north direction. Now we are heading to the next resistance of ($1,795.80) $1,800. That is the resistance of October 2012. After that we can see another run to the ATH of $1,920.80.
Because of all the insecurities in the markets right now, the demand for gold has surged.
Also see the FX:XAUEUR price to check the new ATH's in euro price.
And make sure you watch the silver (
XAGUSD
) price going up, when gold gets too expensive.
Make sure to give it a thumbs up, and follow us for more updates. Simple analysis, great results.
XAUUSD
) was in a bull flag, and is now jumping out of it in the north direction. Now we are heading to the next resistance of ($1,795.80) $1,800. That is the resistance of October 2012. After that we can see another run to the ATH of $1,920.80. Because of all the insecurities in the markets right now, the demand for gold has surged.
Also see the FX:XAUEUR price to check the new ATH's in euro price.
And make sure you watch the silver (
XAGUSD
) price going up, when gold gets too expensive. Make sure to give it a thumbs up, and follow us for more updates. Simple analysis, great results.