Bulls need to break to new highs
Despite the current dynamics favoring more upside in the price of gold, bulls need to break to new highs.
The first two hurdles await by the 50% FR at $1960 and by the 62% FR at $1987
If prices break above the 2K handle, the likelihood of reaching $2025 first will increase
price action will determine whether the rally from $1846 is indeed an impulse or not
If back to the downside, i expect $1810~1800 is the main floor. Thanks~
The first two hurdles await by the 50% FR at $1960 and by the 62% FR at $1987
If prices break above the 2K handle, the likelihood of reaching $2025 first will increase
price action will determine whether the rally from $1846 is indeed an impulse or not
If back to the downside, i expect $1810~1800 is the main floor. Thanks~
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