Gold Expected Breakout To The Upside

Currently, the gold market is ranging. However, we could expect a bullish breakout if a trendline doesn’t hold.

The 1800 zone has been protected by the buyers. At this point, it is the POC zone. 1808 is the level where we could expect a bullish breakout if the trend line doesn’t hold. Watch for it as the price is close to the ascending point. Targets are 1812 and 1818.

(Click on image to enlarge)

 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.