Gold appears on track to set a new record high above the September 2011 high of $1,920, having carved out a bullish marubozu candle last week - a sign of buyers controlling the price action.
So far, however, the upside has been capped around $1,918. As can be seen in the 5-minute, the metal has faced multiple rejections at $1,918.
That said, the uptrend line from the early Asian session low of $1,899 is still intact. The weekly chart, too, is reporting bullish conditions, as noted earlier.
As such, it is only a matter of time before the metal prints fresh lifetime high above $1,920. 
#WillGoldHeadtoAllTimeHigh？##gold#
Reprinted from FxStreet，the copyright all reserved by the original author.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن