Bullish Gold
Updated
Gold Riding The Bulls (1H)
Closing in the 1345 zone, Keep an eye open for a close above the level which could lead to a breakout into the target zone.
Closing in the 1345 zone, Keep an eye open for a close above the level which could lead to a breakout into the target zone.
- If Resistance is not broken and price is rejected we should keep our eyes open for a short into the 1341 area.
- Should current momentum continue, we should see prices hit the target zone.
**currently looking to brake out of the regression channel
Note
Having a look at the Moving Averages,it tell a story of its own.
MA5 - (S) 1348.34 / (E) 1348.38
MA10 - (S) 1348.29 / (E) 1348.26
MA20 - (S) 1347.95 / (E) 1347.30
MA50 - (S) 1344.04 / (E) 1345.47
MA100 - (S) 1343.53 / (E) 1344.05
MA200 -(S) 1342.59 / (E) 1343.59
Great positive for current price level
Note
Note
Gold/US Dollar Index comparison.
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.