Gold Breakouts Out to a Higher Ground

in leofinance •  2 days ago 

The price of gold has been on a tear lately. After preaching the 2011 high price has gotten extended on the weekly chart for sure.

What in store for gold?

image.png

After this bullish run, some consolidation is in order. Ideally price can digest the latest gains and hold 1,900. That would keep the bullish tone firmly in place.

I would not be surprised to see this spike clock 2,000 though, as round numbers seem to be a magnet for prices often times.

Either way, gold has had a heck of a run in 2020 thus far!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Many are saying $3000 next.

Posted Using LeoFinance