Does Gold will make much awaited breakout ?

12 Nis 2018

GOLD price broke to new high yesterday and came very close to the jan high of $1365. Inability of GOLD to finally break above $1365 is not a good sign. If BULLS can hold above $1340 and make another try to break above $1365, then we can see much awaited breakout. Inorder to be in race GOLD should be trading above $1340-30 levels.

Chart Summary

Support at $1340- $1330 levels.
Breakout above $1365 (bullwin)

12 Nis 2018

Not

Gold down by more than 12 points... need to see whether it holds at support.

13 Nis 2018

Not

yesterday gold holds support of 1330....