Gold - where to next? Straight to the all-time high?
Gold has broken and closed above major level resistance of $1800 but is now facing short-term resistance at $1815.
A close above $1815 should confirm a more direct path to the all-time high at $1921
Do we see 1 of the following 3 scenarios playing out?
#1 consolidation and then a move to the all-time high (high probability)
#2 straight to the all time high (lower probability)
#3 lower probability break of channel and move to the downside (lowest probability)
A close above $1815 should confirm a more direct path to the all-time high at $1921
Do we see 1 of the following 3 scenarios playing out?
#1 consolidation and then a move to the all-time high (high probability)
#2 straight to the all time high (lower probability)
#3 lower probability break of channel and move to the downside (lowest probability)