XAUUSD: Daily uptrend update
Gold is rallying after breaking out of the strongest local resistance level (red box). There is a new uptrend continuation signal that got triggered yesterday, and I reentered longs on the breakout. Currently in profit, and looking to trail stops and add if viable.
Keep an eye on the developments from here onwards, it becomes extremely interesting the higher we go. If you own physical gold, do pay attention now, since we approach a huge 'make or break' zone in the long term charts. The level outlined by the orange line here represents the strongest and most significant resistance in Gold, which if breached could signal a resumption of the long term advance in the yellow metal.
See related ideas for more information.
Good luck!
Ivan Labrie.
Keep an eye on the developments from here onwards, it becomes extremely interesting the higher we go. If you own physical gold, do pay attention now, since we approach a huge 'make or break' zone in the long term charts. The level outlined by the orange line here represents the strongest and most significant resistance in Gold, which if breached could signal a resumption of the long term advance in the yellow metal.
See related ideas for more information.
Good luck!
Ivan Labrie.
Komen:
Gold has more upside than Silver here:
