2 possible scenarios. Gold has a strong bullish momentum but it's approaching a critical level at 1828 zone. That zone is a strong monthly resistance. But something interesting is that we have some equal highs at that level, meaning too much liquidity is lying there. There's a possibility therefore that Gold might rally to 1870 before dropping.
Seconf scenario is that it might first drop to 1797 where we'll take buys to 1828 and 1870.
All the best
Seconf scenario is that it might first drop to 1797 where we'll take buys to 1828 and 1870.
All the best