Gold has taken 1270.00 reistsance, by re-assesing the weekly and daily chart I look for:
A Weekly closing above 1270 is necessary to confirm a possible leg higher OR a multi-day closing above the new upward slopping neckline for the inverted head and shoulders. That would open the door for further potential gains over the coming weeks. Upside targets start at 1360.
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A Weekly closing above 1270 is necessary to confirm a possible leg higher OR a multi-day closing above the new upward slopping neckline for the inverted head and shoulders. That would open the door for further potential gains over the coming weeks. Upside targets start at 1360.
Please follow me @ twitter.com/FxInstinct