Gold Shows minor recovery. Will it last..?
Gold shows some minor upward recovery signs though momentum lacks substantial follow through buying activity as overhead resistance is seen active at $2337
As long as the metal does not break above $2337 resistance followed by stable break above $2343, there is a high probability of break below $2317 swing low with a follow up decline to $2305 and a further selling beyond $2305 will ease the drop to retest of swing low $2387
As long as the metal does not break above $2337 resistance followed by stable break above $2343, there is a high probability of break below $2317 swing low with a follow up decline to $2305 and a further selling beyond $2305 will ease the drop to retest of swing low $2387
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.