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CFDs on Gold (US$ / OZ)
Long
Oct 1, 2024
XAU/USD Golden Cross 9 EMA and 200 SMA
1
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1) Generally gold is highly reactive to the usd and macroeconomic situations. Currently fundamental analysis favor gold to head higher.
Currently there is bullish momentum in the market (9EMA) and market bias(200 SMA) has changed to the upside.
I'm looking at an upside to previous highs, perhaps even breaking it 2665.
Becareful of market manipulation and trade wisely
gkannangoldtrader
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