My technical analysis confirm clearly a buy possibility coming…. Patience is all you need. You can see the chart is in an area of strong support but with the negative impact of the news on USD, it still taking a moment.
Ps: confirm with your own personal knowledge before taking my ideas.
Since major us indices open higher according to the news + we have a clear uptrend breakout pattern, it’s fear to position yourself on selling gold right now. Ps: make sure you confirm on your own side before entering this trade.
Gold been creating an uptrend history since the past week. Chances are we prolly will see a continuation of the charts respecting the uptrend. Confirm that the news are in your favor before entering this trade, thank you & enjoy your profits!!
As we can observe, gold has been bullish since last Friday due mainly to the fundamentals. Right this morning since the fundamentals changed and we have good news then I expect a bearish movement. Please confirm that the news are in your favour before taking this trade.