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Gold Price Outlook - Will Resistance Continue to Block Further Upside?

From dailyfx.com

The price of gold continues to find its path to higher prices blocked by a cluster of resistance levels, and with important US sales and inflation data this, and a sizeable US Treasury auction on deck today, the precious may slip lower. The latest US core inflation reading will be released tomorrow, April 13, while the march retail sales figures will be released on Wednesday. Both are high-importance events and need to be closely followed. There are also speeches by Fed chair Jerome Powell and a range of Fed members throughout the week that need to be factored in. Later today, a double US Treasury auction with the ... (full story)

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  • Category: Technical Analysis