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1300.00 USD has been both a key resistance and support level for the last few years.
Since the end of 2016, where you can see the third green arrow from the right on the weekly chart above, gold has been trending higher. It has recently tested the lower support trendline at the rightmost green arrow. the upward trendline and the 1300 resistance/support level are forming an ascending triangle.
Also, If you look at a gold seasonality chart, which is basically the average performance of gold for e…
Since the end of 2016, where you can see the third green arrow from the right on the weekly chart above, gold has been trending higher. It has recently tested the lower support trendline at the rightmost green arrow. the upward trendline and the 1300 resistance/support level are forming an ascending triangle.
Also, If you look at a gold seasonality chart, which is basically the average performance of gold for e…