Gold possible buy scenario
Gold broke out of a long term bearish trendline and has pulled back to retest it
It has also pulled back to the 0.61 fib level so we could get a reaction,
We also have to consider fundamentals, So far DXY has been favoured, until we see a change in that, I can't see gold going crazy but as soon as America admits that their economy is in shambles we should see gold start a parabolic push to the upside.
It has also pulled back to the 0.61 fib level so we could get a reaction,
We also have to consider fundamentals, So far DXY has been favoured, until we see a change in that, I can't see gold going crazy but as soon as America admits that their economy is in shambles we should see gold start a parabolic push to the upside.
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