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Gold Signaling a Possible End To A Long Lasting Sideways Trend
Gold is slowly waking up from its winter hibernation. Yesterday’s session may not have been a game changer but we definitely saw an uptick in gold’s volatility and momentum. That’s a first step towards a more significant movement hopefully in the near future. What changes do yesterday’s upswing bring? First of all, the price confirmed the bounce off the mid-term up trendline (red) connecting higher lows since the middle of December. We also made new yearly highs, and to top it off the price managed to break the horizontal resistance on the 1830 USD/oz. With all that, I’m guessing gold bulls are at least a ... (full story)