Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel

GOLD Retesting Resistance as Support

GOLD has been extremely bullish as inflation starts to rise again. I have been bullish on GOLD for 2024, and we have reached new all time highs pretty quickly into the year. GOLD already broke above the last key resistance level at this light blue trendline, and is retesting this resistance as support here. If GOLD starts to trend up then it will be in price discovery mode to find new all time highs. I can see GOLD trending up to $2.6k and $3k over the next few years, but I will provide more accurate price targets with my next update. For now, the light blue resistance level needs to hold as support here.

ChartChamp socials: https://linktr.ee/realchartchamp

Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

GOLD Stalling, But Likely to Rally Above $3,000

GOLD has been stalling around $2,300 price levels, but is likely to start trending up soon. I have these key Fibonacci levels to monitor on the way up with the first key price target around $2,528. The second key target takes GOLD above $3,000 with a price target around $3,090. ChartChamp socials: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

SLV Attempting to Flip $27.31 Into Support

SLV has rallied above the first $27.31 price target, peaking around $29.46. SLV is now retesting the $27.31 in an attempt to flip this price level into support. The next key price target is $33.77 if SLV successfully rebounds and continues to trend up higher. ChartChamp socials: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

USOIL Rebounding Near the Midrange

USOIL has dropped below the light blue rising channel, and has been in a downtrend. There is a short-term rebound forming in the midrange between the green and red trendlines. Although USOIL is rebounding here, I think there is no clear direction for now. USOIL could continue to trend down towards the green trendline, and […]

Read More