....breaking $2760 could be difficult on first attempt and would need a catalyst like conflict escalation in the Middle East to break out. $2650 may be a good point to add if it gets to that.
#GOLD hits strong channel resistance, as per the previous analysis. The overall trend is bullish, but the short-term is overextended. Key resistance is at $2760. The Middle East crisis brings volatility; however, gold demand is likely to remain high. The next correction may signal a strong buying opportunity.
