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Gold Price Forecast: Bullish Reversal Signals Potential Upside Breakout
video Gold triggers a bullish reversal today as it breaks out from the inside day established on Monday on a rise above 2,181. A daily close above that high is needed next to confirm the reversal. The reversal is a bullish continuation from the minor retracement low of 2,157 established last Friday. It follows a rally from a bullish wedge breakout that occurred last Wednesday. After two days up, however, resistance was seen at 2,212 leading to last week’s pullback low. chart Near-term support is at today’s low of 2,168. If it is busted to the downside the chance for a deeper retracement from the 2,212 high ... (full story)