1. Gold price is entering a narrow wedge with an 11 month resistance and a 2 year support. This support has repeatedly been tested over the last 2 years, and is more powerful than the medium term resistance level.
2. Price is currently at the top of the wedge. A break of resistance sets up a run to all time highs, with pull backs around 1915.00 and 1965.00. I expect price to move higher swiftly after a break of 1820.00.
2. Price is currently at the top of the wedge. A break of resistance sets up a run to all time highs, with pull backs around 1915.00 and 1965.00. I expect price to move higher swiftly after a break of 1820.00.
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