simple trading - follow the trend
Gold is trading below the Bull trend line. Closer and closer it approaches the bear market zone. USD remains stronger than ever.
BULLS:
Don't panic yet. Gold could easily pull up to the previous zone. 2035-2050
Currently gold is trading back in the zone where it had lots of bullish momentum.
*Will the Bulls have another run-up? *Will this run push above 2060?
*Watch for a break above 2038
BEARS:
Gold has already technically made a pullback after breaking below the 2025 price range. Once the price retested back up to 2042, gold has been falling ever since. (this is the "resistance?")
*Price is under the 200MA, watch for a massive rejection once MA touches the candle.
*Price can push all the way up to 2038
Gold is trading below the Bull trend line. Closer and closer it approaches the bear market zone. USD remains stronger than ever.
BULLS:
Don't panic yet. Gold could easily pull up to the previous zone. 2035-2050
Currently gold is trading back in the zone where it had lots of bullish momentum.
*Will the Bulls have another run-up? *Will this run push above 2060?
*Watch for a break above 2038
BEARS:
Gold has already technically made a pullback after breaking below the 2025 price range. Once the price retested back up to 2042, gold has been falling ever since. (this is the "resistance?")
*Price is under the 200MA, watch for a massive rejection once MA touches the candle.
*Price can push all the way up to 2038