Gold has been on a pretty strong upcline for a while now this is the daily.
Could we see a pullback soon to accomodate a further move up to new highs? how strong do you think that pullback will be? im thinking 1305-1300 possibly? appreciate any comments
XAUUSD (Gold) pulled back to favorable entry price in trend between $1,280 and $1,300.
Secondary backup buy would be wisely placed between $1,220-$1,240.
It’s a buy.
Yes i agree. i dont think it will ever go below 1230-40 ever again mind. i think we will see a collection of demand before we rise up to all new highs
The price of gold is trying to confirm its breakout above the 1300 level, but is must break above the peak at the 1346 level in order to keep its bullish trend in the midterm.
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yeah i wopuld agree with you on that one