New ascending trend line with price trading ABOVE
Gold continues to trade in consolidation between 1790 support region and 1820 resistance region.
Short term ascending trend was formed at the consolidation period. Breakout confirmation will likely indicate the next direction of Gold.
A breakout of the 1790 support region can potentially push price towards 1747 while a breakout of the 1820 resistance region can potentially push price towards 1850 region.
Short term ascending trend was formed at the consolidation period. Breakout confirmation will likely indicate the next direction of Gold.
A breakout of the 1790 support region can potentially push price towards 1747 while a breakout of the 1820 resistance region can potentially push price towards 1850 region.
