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Gold Price Soars Beyond Resistance At 1,227/34

Discussion in 'Technical Analysis' started by Kaitlin, Mar 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Along with tumbling US currency, the bullion skyrocketed the most in two weeks yesterday. Prices pierced through the immediate resistance area of 1,227/34 and encountered the Feb-Mar uptrend line at 1,240. We would allow for a short-term selloff today as a part of post-growth correction lower. Outlook for the future[​IMG]

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