Gold’s key resistance comes at $4.9 – 5.1k
Gold has some work to do going forward although after recovering 17% from its recent low over the past 4 weeks.
First it needs to breakout from ascending wedge formation and then overcome descending resistance stretching from January 28.
Therefore, $4.9 - 5.1k remains an immediate resistance, which is once cleared opens up the way to all time high...
