Gold breaks above $1208/09 resistance swiftly!
Gold breaks higher above $1208/09 levels and also takes out interim resistance at $1216 levels yesterday, in flash. The yellow metal is seen to be trading around $1218 levels at this point in writing, after printing highs at $1227/28 levels. Please note that $1215/16 levels would not turn into support levels for any corrective drops from here. Looking into the wave structure, Gold seems to have completed Waves A and B and is well into progress within Wave C which began from $1282.66 levels as discussed yesterday. If the above counts hold, we could see prices hitting $1250/70 levels going forward.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
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