2022-01-18 04:57:37
#Gold- Break up looks imminent
Yesterday was a pretty quiet day for Gold traders and, after the price took a short lived spike down on Asian session, bulls took control and the price has started to consolidate in a tight range.
At this moment(time of writing) the price is at 1822 and I expect a break up of the last 20h consolidation.
A break above 1825 would expose 1832-1835 in the first instance, but considering the longer time range, we can see a break up here also.
In this instance 1850 is exposed
As I said yesterday, I'm bullish as long as the price stays above 1810 zone
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Mihai Iacob
Forex, Gold and Crypto trader
1.2K views01:57