Bulls eye a dominance. Need to show follow-up Buying though.
Previous Week Bulls showed resilience.
Coming week or two could be decisive in deciding the Direction for Gold.
2030 2025 will act as crucial level for follow up buying, if there has to be any.
Failing which, Bears might start to strengthen their Grip again, bringing more bearishness below the Trend zone, around 2020, in which case 2000 1980 could be tested.
Remember that Gold has failed to Break 2065, and ChoCh is yet to gain strength, and it will be too early to Write off the Bears.
Although above 2065 Bulls will be on track to test higher levels around 2075 2090 2120
Coming week or two could be decisive in deciding the Direction for Gold.
2030 2025 will act as crucial level for follow up buying, if there has to be any.
Failing which, Bears might start to strengthen their Grip again, bringing more bearishness below the Trend zone, around 2020, in which case 2000 1980 could be tested.
Remember that Gold has failed to Break 2065, and ChoCh is yet to gain strength, and it will be too early to Write off the Bears.
Although above 2065 Bulls will be on track to test higher levels around 2075 2090 2120