Gold bullish trend has started according to Tom Demark count
Tom Demark count gave a green 2 on the daily chart which is a clear buy signal. I expect the bull run to continue for up to 7 more days.
Bollinger Bands is wide and Stoch RSI is not oversold so I do no expect a huge increase. We might touch the resistance at 1349 and pull back.
Here is my trading idea:
Long at: 1331
Take profit at: 1348
Stop loss: 1310
Bollinger Bands is wide and Stoch RSI is not oversold so I do no expect a huge increase. We might touch the resistance at 1349 and pull back.
Here is my trading idea:
Long at: 1331
Take profit at: 1348
Stop loss: 1310
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