Gold- building pressure for a break

13 ביולי 2021

In my Sunday weekly chart analysis, I said that I expect a new leg up from Gold, and so far, so good.
Looking at price action yesterday we can see that after a short-lived dive under 1800, Gold recovered quickly leaving a pin bar on our daily chart.
This is a clear indication to me that bulls are in control and I expect a break from the recent range to the upside.
The target for swing traders can be 1920 and for short-term traders, 1850 interim resistance can also be a target.