Gold extends gains
Gold continues to rally from Wednesday’s trendline support and despite seeing a retracement lower overnight, there is a good chance we could see further gains today.
This morning’s failure to break above $1087 is a little of a worry, yet with price currently moving higher from $1079, this looks like a sideways consolidation more than anything.
Subsequently, while price remains above $1070, the bullish view remains.
Resistance levels to watch are at $1087 and $1100. Whereas a close below $1070 would then look towards $1064 as the next support level.