technical analysis chart

Technical Breaks, Ideas and Insights – Short-term Positive break on the Gold Price

The Gold Price made a short-term positive break by breaking upwards through the downwards sloping resistance level at $1700.00.
The Gold Price needs to stay above the level of $1700.00 to confirm the positive break.
The Gold Price could potentially trade higher and test the resistance level at $1755.00 and if breached to the upside could test 1855.00, in our view.