Gold: Bulls Push Beyond Resistance
After days of hesitation, gold finally broke above key resistance at 3655, marking a new all-time high against the U.S. dollar.
After days of hesitation, gold finally broke above key resistance at 3655, marking a new all-time high against the U.S. dollar.
As we end this trading week, the market movements have set the stage for more opportunities.
After yesterday’s failed bearish breakout, buyers pushed gold back above key levels, forming strong bullish candles across multiple time frames.
Gold once again tested the 3658 resistance level but failed to break through, keeping prices in a tight range.
Price action shows indecision across lower time frames, with both bullish and bearish breakouts possible
My name is Frano Grgic and I am the author of the Forex blog GetKnowTrading.
I am an engineer who ventured into the Forex (foreign exchange) market in search of new opportunities. Believing that Forex offers a valuable avenue for additional income, I immersed myself in learning everything I could about this complex market.
Initially, understanding Forex was a challenge due to the abundance of unfamiliar information. Through extensive research and persistent effort, I gradually gained a comprehensive understanding of the market. This journey inspired me to share my knowledge and insights with others, especially those new to Forex.
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