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GOLD Breakout is Imminent

By
Nenad Kerkez
Published: Jun 28, 2021, 08:39 GMT+00:00

GOLD has made a big range during the last week. Both ups and downs in the market marked the ranging move.

Comex Gold

In my opinion, GOLD is still bullish. Dips have been bought above 1770 and if 1790 breaks we should see 1810 and 1831. At this point the accumulation is happening and the breakout is imminent. However, if the range persists we could see 1770 again. I am mostly bullish now and expecting a long breakout.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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