- BAC Closes the week above its resistance level 8.4
- Breakout does not show an increase in volume.
- Weekly chart is closer to a breakout above the cloud. Recent attempts to breakout above the cloud has failed as seen in the third chart. for a bigger up move price must breakout above the weekly cloud.
- Last chart shows price with possible Fibonacci resistance levels.
- Gold has given a weekly cloud breakout.
- Gold avoided a bearish weekly candle on chart
- Next resistance levels are near 1787 and 1802
- Two resistance levels 1787 and 1802 are near the golden ratio as shown in the last chart.
