Could Gold jump anytime soon?


Gold is trying to pull from the supporting zone for the third time in a row. The zone is formed between 1445.65 and 1459.13 the levels. In principle, we assume that gold should jump and approach the upper boundary of a flag, just to break it afterwards:

In the daily chart, silver broke the lower side of a flag. It’s currently turning back and targeting the broken pattern located next to the downtrend. Silver is most likely to pull from the crossing point of the abovementioned trendlines, that is, the 17.00 level:

The price of Swiss franc is remaining next to the uptrend trying to pull from it and jump. The currency pair is most likely to jump:

Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.

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