First of all I have looked into short time frame between 1h to 4h considering technicals. With the technicals I have found gold is showing up some bullish structure.
Lets take a look into COT data now, Considering changes from 17th March Showing 523+ towards longs and -5927 towards Shorts. Which means selling pressure has reduced in a huge amount
Lets take a look into COT data now, Considering changes from 17th March Showing 523+ towards longs and -5927 towards Shorts. Which means selling pressure has reduced in a huge amount
Note
Note
15 mins Structure showing an descending triangle in position supporting bullsNote
Note
Daily chart with a rising wedge but price is running with a reduced bear pressure for few days. And also Dollar Index showed up weak move
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.