Gold- New leg up?
After the recent low under 1730 from two days ago and the new attempt for a low made yesterday, Gold bulls have managed to break above the descending trend line that has kept the price in a fall from above 1800.
Now the price is consolidating and correcting this first leg up and a new leg up could follow.
We have a pretty strong base in place at 1730 and, as long as this base is intact I'm bullish and looking to buy dips.
My target for this rise remains the 1770 zone with negation under the mentioned level.
Now the price is consolidating and correcting this first leg up and a new leg up could follow.
We have a pretty strong base in place at 1730 and, as long as this base is intact I'm bullish and looking to buy dips.
My target for this rise remains the 1770 zone with negation under the mentioned level.
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