Historically, Gold has been a safe heaven in times of crisis. With tensions in Eastern Europe reaching new highs, the yellow metal has also followed suit by returning to a previous high. The overall trend of the metal has been an uptrend in recent weeks, with a significant close above the key level of $1828.
As the price reaches the next key resistance level traders may look for the following:
- A close above the next key level of $1867, may continue with further bullish momentum.
- Any price movement below $1840 will see a bearish return to the previous key level.