Today gold was at a tiny distance from breaking above its strong resistance level but...it failed.
Today gold was at a tiny distance from breaking above its strong resistance level but...it failed.
However, the current move still looks good:
(Click on image to enlarge)
source: Simple Digressions
The chart shows the goldollar index and gold prices. Note that this time both instruments go in tandem, which validates the current move in gold prices.
This article is not an investment advice. I am not a registered investment advisor. Under no circumstances should any content from here be used or interpreted as a recommendation for any investment or trading approach to the markets. Trading and investing can be hazardous to your wealth. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This is strictly for educational purposes only.
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