Gold Price Near to 6 years Resistance

Gold price is approaching multiple years resistance 1356 to 1368 levels. Gold price is trading below this price since 2013.

Trader please be cautious in the coming days as fundamental sentiment remain bullish on "hedge funds ramp up bullish bets" according to Bloomberg and paused of rate hike.

Kommentar:

Gold price have retraced from 6 years resistance. The current price swing projection as followed:

Price below 1312.1, target 1288.8.

Trade geschlossen: Ziel wurde erreicht:

Oil reached target 1288.8, be aware of correction after selling from 1348.