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TECHNICAL ANALYSIS OF GLOBAL FINANCIAL MARKETS STRATEGIC OVERVIEW OF MACRO ECONOMY & GEOPOLITICS

Gold is nearing a major break-out!

Gold February 2021 futures (ZG, present price $1895) is trading just under the upper band (red color) of the flag shape formation. After a break-out from a 4-month resistance on December 16, gold underwent a series of successful re-tests over December 21 - 23. Now if gold manages to overcome resistance line in red color then the immediate target is $1,937 dollars, next target $1,967. This post is not an investment advise.

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