GOLD enjoying the risk off rally
Gold continues its ascend in the risk off environment. With the breakout confirmation at the 1870 resistance region, Gold continues its ascend relentlessly forming a new recent high.
Next resistance region is identified at the 2000 level, which is just shy away from last week's high. If the 2000 does not hold, we can potentially see Gold back at the top of the range.
Recent price action of Gold is overextended and we can potentially see a huge correction with the FOMC lined up.
Next resistance region is identified at the 2000 level, which is just shy away from last week's high. If the 2000 does not hold, we can potentially see Gold back at the top of the range.
Recent price action of Gold is overextended and we can potentially see a huge correction with the FOMC lined up.
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