LONG GOLD (Monthly Timeframe)
GOLD is in a bullish uptrend on the monthly timeframe (sub and main uptrend channels).
Gold is heading to new highs above area 2000 and possibly to the upper channel of the sub uptrend at area 2300 as next target,
if it succeeds to break and close above the strong resistance (supply zone) at area 2000.
If this month, closes at this level a monthly engulfing bullish candlestick will be forming which will confirm its bullish momentum.
Gold is heading to new highs above area 2000 and possibly to the upper channel of the sub uptrend at area 2300 as next target,
if it succeeds to break and close above the strong resistance (supply zone) at area 2000.
If this month, closes at this level a monthly engulfing bullish candlestick will be forming which will confirm its bullish momentum.
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