GOLD- STILL BULLISH
Updated
From weekly chart, buying/demand is still good, and formation is forming a wedge now. Good buying area is around 1313-1311. with tight stop loss.
Note
look at the last 4-hourly chart; it looks like a retail flush, so very strong buying.Note
From the weekly price action, its still looking bullish - with declining price, but not the volume.Note
The weekly volume is relatively low in the pullback.this week. So remain bullish outlook !Note
The price is still testing the PF's ML now - at a critical juncture. If it holds, looking for a buy from here or next week.Note
Buying volume is still strong, nicely set up for 1670 TP
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