Home Polls & Quizzes GOLD: Heading Towards the North With an Upside Breakout?

GOLD: Heading Towards the North With an Upside Breakout?

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GOLD has been up-trending for some weeks. On the Weekly Chart, the price has been obeying a resistance of a trend line. This week’s price action has been bullish so far. There are still four trading days left of the current week’s candle. Thus, Gold buyers will be eagerly waiting for an upside weekly breakout.

On the other hand, the resistance level is a strong one and Gold is at an overbought area on the H4 and the daily chart. The question is which way it may head towards the North or the South.

Let us have a poll on this.

Scenario 1: An upside breakout will take place and the price will head towards the North.

Scenario 2: Resistance level will be held and the price will head towards the South.

Will Gold head towards the North or the South?

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