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Gold's Inconsequential Rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Gold moved higher yesterday, but it doesn’t seem that it had a major impact on even the shortterm outlook as even the shortterm resistance line wasn’t broken. Consequently, the previous trends remain in place. Let’s take a look at the details, starting with the longterm gold chart. Once again nothing changed from this perspective and what we wrote previously about the above chart remains uptodate: (…) the outlook remains just as it was before this week began – it remains bearish. The sell

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