Gold trades sideways with potential reversal
We are half way through a potential double bottom pattern but price is currently trading in a range between 1648 and 1669.
A breakout of the 1648 support region could potentially push price towards recent low at 1622 while a breakout of the 1669 resistance region could potentially push price towards 1709 or even towards the neckline at 1740 region.
A breakout of the 1648 support region could potentially push price towards recent low at 1622 while a breakout of the 1669 resistance region could potentially push price towards 1709 or even towards the neckline at 1740 region.
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