Gold breaks down the price channel
Hi everybody!
Gold has regained success and is currently maintaining a psychological position of $ 2,400, currently trading around $ 2416.
In addition, although the trend of increasing is not strong, this precious metal has demonstrated the stable recovery, supported by the trend line that increased clearly. But! There are signs showing a potential resistance peak at 2430 USD. If this level is not overcome, the market can push the adjustment price to accumulate before growing strongly for the purpose of forming a new peak, possibly 2500 USD...
Gold has regained success and is currently maintaining a psychological position of $ 2,400, currently trading around $ 2416.
In addition, although the trend of increasing is not strong, this precious metal has demonstrated the stable recovery, supported by the trend line that increased clearly. But! There are signs showing a potential resistance peak at 2430 USD. If this level is not overcome, the market can push the adjustment price to accumulate before growing strongly for the purpose of forming a new peak, possibly 2500 USD...
Trade active
Note
Gold increased unexpectedly over 2430 after the news yesterday
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Related publications
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.