-
Gold’s Bullish Surge: Resilience in the Face of Potential Resistance
video Gold bursts higher today before finding at least temporary resistance at 1,988 and then stalling. The high is a match with an obvious price area to see resistance, the swing high from July 20. However, today’s strong momentum move negates Wednesday’s weak close, reversing a potential bearish continuation. Some of the strongest moves come from failed patterns. Today’s advance continues to show strength as we get later into the session. The pullback from the high has been minimal so far and the day’s range is healthy, extending beyond the rally seen on Tuesday. A strong close shows sustained demand that ... (full story)