Sentiment to BUY Gold Still on the Rise

Gold's attempt to break the swing low created in August seems difficult and for a couple of days, the metal has been lying on the trendline as if looking for the next order from either the bulls or the bears. At last gold obeyed the order from the bulls and now trending up. In order to keep the upward momentum, gold now needs to break 2 important levels on the daily time frame. These are 1521.769 and 1546.617. If price is rejected at 1521.769 and starts going lower, a head and shoulder pattern will be established. This could mean a further decline in the commodity.

For now, the sentiment for gold uptrend is still on the rise...

Transaction en cours:

Fist hurdle overcome!