Gold- Very important crossroad ahead

21 янв. 2022 г.

As I said in yesterday's commentary, for Gold to become clearly bullish we need a break above the falling trend line, now at around the 1850-1860 zone, and a new higher high above 1880. Now we are just under this trend line and, in my opinion, is a decisive moment for future price evolution.
Yesterday the price was in consolidation in a tight range, digesting the important break above 1830 resistance and not giving a lot of clues for what can happen next.
A break above yesterday's high would expose 1880 recent high and, and the other hand, Gold back under 1830 is strongly bearish