BULLISH PRESENCE ON GOLD
Looking at how the market has been slow to move down, its been creating successive Higher lows and highs while on a range between 1930 and 1916.
The current H1 (9:00 am) candle would determine the bullish momentum if it closes around 1920 - 1921
Fundamentally, USD seem to be building more significant momentum and that alone would creat tension for both buys and sellers.
BUY GOLD only when the H1 candle closes full, engulfing the 8:00 am candle without leave long upper wick .
The current H1 (9:00 am) candle would determine the bullish momentum if it closes around 1920 - 1921
Fundamentally, USD seem to be building more significant momentum and that alone would creat tension for both buys and sellers.
BUY GOLD only when the H1 candle closes full, engulfing the 8:00 am candle without leave long upper wick .
Note
Currently, we can only buy with a rejection of the support 1919 / 1917 / 1916 respectively.
buyers can wait patiently for exhaustions
and bullish momentum to build up.
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