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Gold Holds Above Broken Triangle Resistance, Awaiting US Jobs Data

Discussion in 'Technical Analysis' started by Kaitlin, Mar 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Spot Gold eventually broke above triangle resistance, after two weeks of narrowing consolidation. Yesterday’s strong rally that marks the biggest daily gains after 11 Feb rally, was sparked by weaker US dollar. The yellow metal in extension cracked key barrier at 1263, where yesterday’s trading was closed and posted fresh one-year[​IMG]

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