-
Navigating Resistance: Gold’s Rally Sets the Stage for Higher Peaks
video Following Monday’s bullish reversal, gold continued to advance today, reaching a four-day high of 1,971. Today’s high tested resistance at the five-day high of 1,971 and the prior swing high of 1,970, as gold looks to reclaim those price levels on the way back up. A strong close today should see a continuation of the bounce to higher price levels. The weekly high of 1,993 and this month’s high of 2,004 are the next higher price levels to watch for signs of resistance, or a breakthrough to higher prices. A strong close would occur in the top third of the day’s range, or above 1,962. chart Gold has ... (full story)