Gold still looking strong seasonally
Gold continues to trade above the short term ascending trend line and ended the week near the high of the range.
As longer time frame momentum is moving back towards the mean, gold can potentially see more upside in the coming months due to seasonality.
However, if price were to break below the 1789 support level, we can potentially see more downside towards 1747 area.
As longer time frame momentum is moving back towards the mean, gold can potentially see more upside in the coming months due to seasonality.
However, if price were to break below the 1789 support level, we can potentially see more downside towards 1747 area.
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