From Sideways to Soaring: Gold's Path to $2700

há 7 dias

Gold has finally broken out of that sideways range, and what’s even more important, it did so in the direction we were expecting. It took a bit longer than we initially thought, but hey, the market doesn’t care about our timelines—it moves for its own reasons and motives.

Right now, Gold is heading towards the $2700 mark, where we’ve got the first block of buy and sell orders lined up.

Honestly, there’s nothing surprising about that, especially since round numbers tend to attract a lot of orders in commodity trading.

The sentiment from the options market isn’t throwing any clear opposing signals, so the base scenario is still pointing upwards. That’s the scoop for now!