Gold: Bulls Take Control After Key Resistance Breach
After days of consolidation, gold has finally broken out of its range, signaling strong bullish momentum.
After days of consolidation, gold has finally broken out of its range, signaling strong bullish momentum.
Gold remains trapped in a zone of indecision, but bearish momentum is gaining traction.
As we are about to begin a new trading week, the market movements have set the stage for more opportunities.
After dipping below key support at 2311.8, gold quickly rebounded—signaling strong demand and potential upside.
The market couldn’t reclaim resistance, and now the bears are in full control.
My name is Frano Grgic and I am the author of the Forex blog GetKnowTrading.
I am an engineer who ventured into the Forex (foreign exchange) market in search of new opportunities. Believing that Forex offers a valuable avenue for additional income, I immersed myself in learning everything I could about this complex market.
Initially, understanding Forex was a challenge due to the abundance of unfamiliar information. Through extensive research and persistent effort, I gradually gained a comprehensive understanding of the market. This journey inspired me to share my knowledge and insights with others, especially those new to Forex.
To help others navigate the Forex world more easily, I started the GetKnowTrading blog where I explain Forex concepts in a simplified manner. My aim is to make the market accessible and comprehensible to everyone, regardless of their prior experience.