In my weekly post, I mentioned as long as 3245 holds, gold is bullish and it is likely to form an inverted head and shoulder pattern if this week closes in a positive note. Indeed gold went up straightaway without testing 3245 support, breaking both 3325 and 3365 resistance. This is a sign of strong bullish momentum.
I will be only engaging buying orders today since the bull is so strong. Will look for buying opportunity from 3365, targeting 3430 today.
I will be only engaging buying orders today since the bull is so strong. Will look for buying opportunity from 3365, targeting 3430 today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.