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Thursday, October 28, 2021

Gold pressuring to the upside for another rally...

Gold pressuring to the upside for another rally...

Gold OANDA:XAUUSD

Prior chart:

snapshot

Gold along with all of the recent central bank news has played out well since our last post on it. The recent break above the daily resistance at 1805 is a prerequisite for a bullish continuation and we are now looking at $1,825 as the next upside barrier and profit taking level.

Overall heading into the final stages of 2021, we can see more bullish pressure coming into play and seeing some further drives to this upside comparing to the situation of other markets.

from TradingView Ideas https://ift.tt/3mkxKcT
via gqrds

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