Unable to break through resistance

Gold bottomed out yesterday and continued to rise during the day. The current highest level was around 2000 and then temporarily stopped. This action also touched the previous high point again. The pressure area will also likely remain around 2003-2007. This area can Whether it breaks through will also determine the general trend of gold in the later period.

There are still upward signals in the short term, but between the retracement of the previous highs and the recent upward move, the magnitude is enough to correct the previous retracement, so the strong signals in the short term are likely to be just bluffs.

If gold cannot break through the resistance of 2007, gold will still return to the 1980 area.

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Trade active

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wait 1980