Hello traders!
Today, gold is still trading at a high level around the $1948 mark and is currently facing immediate resistance at $1970. It can be observed that after breaking out of the downward trend, gold has yet to experience significant breakthroughs in trading.
It is expected that there will be a slight decrease to test the previously broken-out area before the upward trend is officially established and a new peak is formed at higher price levels.
Today, gold is still trading at a high level around the $1948 mark and is currently facing immediate resistance at $1970. It can be observed that after breaking out of the downward trend, gold has yet to experience significant breakthroughs in trading.
It is expected that there will be a slight decrease to test the previously broken-out area before the upward trend is officially established and a new peak is formed at higher price levels.
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