Gold is at the Precipice of Another Bullish Breakout
Gold is at the Precipice of Another Bullish Breakout
Gold is testing the recent channel’s (bull flag) T/L resistance. A break above it opens the recent ATH at 2686 and above that $2708. Alternatively, a rejection here prolongs the correction lower but doesn’t structurally change the technical picture. Keep looking higher against $2601 (the recent low). Both technically and fundamentally this should be considered a normal development.
If you want to learn more about the Trader Funding Program and join an elite group of traders at Forex Analytix, click here to learn more. Trade our money, take 75% of the gains and none of the risk.
20241014
