Gold- bulls are not out of the woods
Aktualisiert
Yesterday, on the back of a weak Usd, Gold broke above 1.740 short-term resistance.
However, the rise from 1675 zone is not impulsive and looks like is forming a flag
1765 zone is strong resistance at this point and rallies in that zone can be good opportunities for selling.
1740 is now support followed by 1720
However, the rise from 1675 zone is not impulsive and looks like is forming a flag
1765 zone is strong resistance at this point and rallies in that zone can be good opportunities for selling.
1740 is now support followed by 1720
Anmerkung
We have a quick and strong reversal from 1755.A top may already be in place
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