With the MACD having just crossed above the signal line on 
GOLD daily chart, there is little chance of the week starting off with any strong selling direction. I am holding and entering Buy positions.
I believe any meaningful retracement this week will be before Tuesday's Core Retail data and the market will look to position itself early in anticipation of major FED activity on Wednesday evening.
Support this week >=$2,530
Forecasted High of <$2,620
Trend to be more sensitive to ascending channel's mean that the support level indicated above.
I am very bullish this week.
GOLD daily chart, there is little chance of the week starting off with any strong selling direction. I am holding and entering Buy positions.I believe any meaningful retracement this week will be before Tuesday's Core Retail data and the market will look to position itself early in anticipation of major FED activity on Wednesday evening.
Support this week >=$2,530
Forecasted High of <$2,620
Trend to be more sensitive to ascending channel's mean that the support level indicated above.
I am very bullish this week.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.