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Gold Close To A Breakout And Then A Pause

Gold Close To A Breakout And Then A Pause

April 25, 2017

Gold came close to its critical resistance level on April 17 when the price traded to a high of $1297.50 and the technical level stands at $1300 per ounce. In my latest piece for Seeking Alpha, I look at the price action in gold following the first round of the French election that caused the euro to rally and the dollar to move to support and explain why there is likely to be lots of priceĀ variance in gold in the sessions ahead and why the trip to resistance in the middle of April is likely not gold’s last this year.

Article: Gold Close To A Breakout And Then A PauseĀ 

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