Technically speaking, we left our trend lines as is today to give investors a clear picture of gold's breakout. That being said, Gold has no foreseeable downtrend lines from present price and faces technical barriers in the form of 2/22 and 1/20 highs. As for the downside, gold has multiple potential uptrend lines serving as technical cushions along with 3/1 and 2/23 lows. Additionally, the highly psychological $1100/oz level could serve as a strong technical cushion should it be tested.
Present Price: $1125.85/oz
Resistances: $1125.97/oz, $1128.16/oz, $1130.84/oz, $1134.13/ oz, $1135.82/oz, $1138.73/oz
Supports: $1123.30/oz, $1120.80/oz, $1119.11/oz, $1116.20/oz, $1114.26/oz, $1111.60/oz
Psychological: $1100/oz, $1125/oz, $1150/oz, February highs