Is Gold Ready to Run Yet?

Hi All,

This is just a quick post on Gold.

16 Jan - Gold Daily

(Click on image for larger view)

Since my commentary on the 6th Jan, Gold has not made any major movements yet – though it has been making higher lows. Yesterday, price broke above a soft resistance (Green arrow) as well as a short-term downward trendline (Orange arrow).  This looks promissing.

If you missed the entry on the Low Test bar (Purple arrow), let’s see if we can find another long entry on the pullback (if any) –  as shown on purple path. I’ll be watching this closely in the next few days.

Have a nice day!

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