Gold is facing bullish pressure, potential for further upside

11 במרץ 2021

Prices broke our upside confirmation level to push higher yesterday. Currently, price is facing bullish pressure from our ascending trend line and first support level, in line with our horizontal pullback support and 23.6% fibonacci retracement where we could see a further upside above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.