Gold tests/breaks above topside trend line and last week highs

Technical Analysis

Author: Greg Michalowski | gold

Trendline currently comes in at $1722.25. Price ticking above that level.

the price of gold has moved above a topside trend line connecting highs from April 14 and April 23. The trendline cuts across at $1722.25. Also near the level is the high price from last week at $1723.13. The high price just tick to $1723.61. 

Trendline currently comes in at $1722.25. Price ticking above that level._
Key break for spot gold. Stay above and we should see further upside momentum in the precious metal.

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