The gold has led the longest gain in 3 years and now the price is at an all-time high.
The price has climbed for 7 consecutive days and resistance has been seen rejecting the price from the top of a 35-month symmetrical triangle.
The current wave of a bullish trend was the 2nd and the longest one since the rebound and will likely face with retracement soon.
The first immediate support is seen at 1336 which could lead to the continuation of another higher low and retest the high.
If 1336 fails to hold the price, a major retracement shall begin and first demand zone is seen at 1320.
The price has climbed for 7 consecutive days and resistance has been seen rejecting the price from the top of a 35-month symmetrical triangle.
The current wave of a bullish trend was the 2nd and the longest one since the rebound and will likely face with retracement soon.
The first immediate support is seen at 1336 which could lead to the continuation of another higher low and retest the high.
If 1336 fails to hold the price, a major retracement shall begin and first demand zone is seen at 1320.
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