After the last weeks post, Gold made a nice pump of +4%!
Now there are a few new scenarios:
- Price breaks the current new Resistance zone and flips it into Support.
- Price rejects the current new Resistance zone and test lower, probably the Support zone below.
- The Support zone below needs to hold price up, when it does there will likely be a new test of the all time high.
- The Support zone breaks and gets flipped into support, when this happens a new all time high probably won't happen in 2024 anymore.
Let's see how price develops up coming week!
