Gold looks primed for another leg higher following consolidation

18 ביולי 2023Gold has pushed up through trendline resistance today, following a period of consolidation that has dominated much of the past week. With price heading up towards the crucial $1983 resistance level, the bulls appear to be ready for another push. Scope's Chief Market Analyst Joshua Mahony highlights how the inverse correlation between gold and the dollar provides a blueprint for what could come from here.