Gold prices continue to rise?
Updated
Gold is struggling to capitalize on the positive momentum from Friday and is currently hovering around $2680. With clear signs of bullish momentum being shown by the 34 and 89 EMAs, there are no significant signs of a reversal yet.
The next prediction is that gold will continue to trade in the range of $2683 to $2660. The $2660 level at the 89 EMA could be retested, but only in the short term for consolidation. The preferred direction remains an upward movement.
The next prediction is that gold will continue to trade in the range of $2683 to $2660. The $2660 level at the 89 EMA could be retested, but only in the short term for consolidation. The preferred direction remains an upward movement.
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goodTrade closed: target reached
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