Key Resistances for Gold

From goldpriceforecast.com

Thanks to yesterday’s session, gold bulls gained an important ally, but is it enough to go higher? Looking at the daily chart, we see that although the U.S. currency moved a bit above the previously broken red horizontal line (based on the lower border of the orange consolidation about which you could read in previous Quick Gold Alerts) and the 200-day moving average during yesterday’s session, this improvement turned out to be quite temporary and the greenback finished the day below these resistances, invalidating the earlier breakout. This negative development lured the bears earlier today, which resulted in a ... (full story)