Gold may rise in coming days
As gold is retracing a higher low on its long term ascending channel, now it seems like its near to complete its accumulation phase and all set to start a bullish trend to make a new Higher High on its ascending channel. We can enter into the buy trade once it will break this accumulation. RSI also showing a bullish divergence indicating that a buy volume will soon start to carry gold for its new Higher High
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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.