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Gold completes double bottom, 1788 next
Gold’s rally accelerates higher today, as reaction to Dollar’s post-CPI sell-off. Break of 179.28 resistance confirmed completion of a double bottom pattern (1614.60; 1616.51), which raises the chance of trend reversal. Further rise is now expected as long as 1701.99 support holds. Next target is 38.2% retracement of 2070.06 to 1614.60 at 1788.58. Sustained break […] The post Gold completes double bottom, 1788 next appeared first on Action Forex...
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Posted: Nov 10 2022, 15:23
Author Name: actionforex
Views: 102137