Back in September last year I did a blog post with an outlook for higher gold prices – click here for the original post. At that time gold was trading around 1250 and we are now some $200 higher and approaching major resistance levels.
This up-to-date quarterly chart shows us approaching significant quarterly resistance at 1462 with the 1500 level I referred to last September shown as well.
I have a good idea how I will be handling these levels this year but I think they could also prove to be a challenge to a lot of market participants!
Good trading.
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