After a very quiet day of trading yesterday, gold is again attempting to break through resistance at 1780 and must hold above it this time.
The "flat topped triangle" pattern on the chart appears to breaking out to the upside, as is usually the case with this chart pattern, though until gold can break to new highs above 1794 and hold the gains, we will not have confirmation.
Today's video looks at the impact of the oil price on gold recently and the short term chart pattern that is developing.
The "flat topped triangle" pattern on the chart appears to breaking out to the upside, as is usually the case with this chart pattern, though until gold can break to new highs above 1794 and hold the gains, we will not have confirmation.
Today's video looks at the impact of the oil price on gold recently and the short term chart pattern that is developing.
