Gold Breaks Resistance; Awaiting Pullback
The gold opened low but climb throughout the Asia session and reached the equilibrium level at 1856.
The price has clearly broken above a 1-week resistance and may continue so within its current 2-month rising channel.
Wait for a pullback to 1842 to buy in again, targeting the equilibrium level at 1856, and then the top of the channel at 1871.
The price has clearly broken above a 1-week resistance and may continue so within its current 2-month rising channel.
Wait for a pullback to 1842 to buy in again, targeting the equilibrium level at 1856, and then the top of the channel at 1871.
