Gold sits below a local resistance, break above will see $3,000

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Gold is sitting on a local resistance level, this is a danger level to buy from, it would ideally be a good sell, with a stop loss now set right outside this channels upper resistance line for a very nice risk to reward ratio (This is the trade we currently have set)

If Gold breaks above this resistance, we will see Gold head towards £3,000 by April 2025 as mentioned in our other idea below.

Take a look for an explanation as to why:

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تم فتح الصفقة

The short has started to make some movement.