Can Gold Prices Breakout Above 1972?

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The precious metal is resuming its bullish trend with price action trading slightly above the 1972 level of resistance.

A strong close above this level or at the very least a bullish continuation is required 

This will confirm the upside as gold will be looking toward the 2024 region next.

A minor resistance level is likely to form here that might keep a lid on the gains.

It also potentially keeps gold prices within the range of 2024 and 1972 for the short term.

If the minor ascending triangle below 2024 is to be considered, then the upside puts gold prices back near the previous all-time highs.

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