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Gold Forecast: Pressuring Major Resistance Barrier
Abstract：Gold markets initially pulled back just a bit on Tuesday only to turn around and show signs of life again. The $1835 level above has been significant resistance, and think it is worth paying close attention to this market going forward. The $1835 level being broken above would be a significant breakout just waiting to happen. In fact, at that point I suspect that gold would essentially be a “buy-and-hold” type of situation.
Looking at this chart, it certainly looks as if we are going to try to make a major breakout.
Gold markets initially pulled back just a bit on Tuesday only to turn around and show signs of life again. The $1835 level above has been significant resistance, and think it is worth paying close attention to this market going forward. The $1835 level being broken above would be a significant breakout just waiting to happen. In fact, at that point I suspect that gold would essentially be a “buy-and-hold” type of situation.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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