GOLD just made a retest above the upper trendline, which probably means that GOLD is going to continue it bullish uptrend movement. But right now, GOLD is currently trying to move above the 2017 to 2021 resistance zone. If the Gold market manages to cross above the zone, then gold will go even higher bullish. In fact, gold could buy for the rest of the day because that zone is a major zone. My speculation is GOLD will breakout above and retest above the major resistance zone, then buy when we have a successful confirmation of the breakout and retest.
📊QUICK FUNDAMENTAL LOOK
Gold prices were steady on Tuesday despite a stronger dollar and elevated Treasury yields, as investors awaited the minutes of the last U.S. Federal Reserve policy meeting for more clues on the timing of interest rate cuts.
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