GOLD: Can It Break the Resistence?
Hello everyone! Today i want to share some macro analysis with you!
1.
Early Tuesday (February 11) Asian market, spot gold suddenly soared, gold prices just touched $2921.22, hit a new record high again, after yesterday's surge gold prices climbed nearly $14 on Tuesday. Unless the daily closing price falls below $2900, the upward trend of gold prices will continue. Momentum remains bullish as the Relative Strength Index (RSI) is overbought, but as long as it stays below the most extreme 80, bulls could still push prices higher.
The next resistance level for gold prices will be the psychological level of $2,950, and once this level is overcome, gold prices will aim for $3,000. $Gold - main 2504(GCmain)$ $XAU/USD(XAUUSD.FOREX)$
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