GOLD: 'Window' acted as resistance

GOLD: 'Window' acted as resistance

Information is not investment advice

The upper 'Window' has acted as resistance, so there's a 'Shooting Star' pattern, which has been confirmed. It's likely that the market is going to reach the nearest important support at 1294.31 in the coming days. The subsequent pullback from this level could be a starting point for an upward price movement towards the previously tested resistance at 1331.05.

2802xauusdH1.png

eur

Similar

Popular

GBP/JPY: trading on Brexit

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

Choose your payment system