Gold outlook- Needs clarification
Yesterday was another volatile day for gold with the price ranging from 1880 low zone to 1910 high.
At this point, Gold is trading between the descending trend line from 1930 and the ascending trendline from 1850 recent low and exactly in the middle of the range between 1910 resistance and 1890 support.
A clarification should come soon enough with the price closing above 1910 for a bullish bias or under 1890 for bearish.
I would stay on the bench for now
At this point, Gold is trading between the descending trend line from 1930 and the ascending trendline from 1850 recent low and exactly in the middle of the range between 1910 resistance and 1890 support.
A clarification should come soon enough with the price closing above 1910 for a bullish bias or under 1890 for bearish.
I would stay on the bench for now
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