Gold Forecast: Pressuring Major Resistance Barrier

  Looking at this chart, it certainly looks as if we are going to try to make a major breakout.

  Gold markets initially pulled back just a bit on Tuesday only to turn around and show signs of life again. The $1835 level above has been significant resistance, and think it is worth paying close attention to this market going forward. The $1835 level being broken above would be a significant breakout just waiting to happen. In fact, at that point I suspect that gold would essentially be a “buy-and-hold” type of situation.


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