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Gold is technically challenging the 1377 resistance
we can see on the weekly chart that price action is creeping up towards that target:
We can see a wedge pattern - a bullish wedge that is about to close down,
and the price should be pushed through the upper border before too long
On the daily chart - if we take a closer look,
we can see the price unfolding in the upward direction,
the price should be pushing the upper boreder around 1366 - trying to reach 1377, in October:
Breakout on the dail…
we can see on the weekly chart that price action is creeping up towards that target:
We can see a wedge pattern - a bullish wedge that is about to close down,
and the price should be pushed through the upper border before too long
On the daily chart - if we take a closer look,
we can see the price unfolding in the upward direction,
the price should be pushing the upper boreder around 1366 - trying to reach 1377, in October:
Breakout on the dail…