Gold trades at KEY RESISTANCE

In our previous post, we have highlighted that Gold is likely to continue towards the upside due to the technical confluence that it was displaying.

Gold had a good run towards the upside, reaching the 1820 key resistance region.

However, price is over extended and may experience some pullback for the Daily 50 period Exponential Moving Average to catch up.


Short opportunity: Breakout and retest confirmation at 1789.5 support region towards 1747 as Take Profit - 1 level.