GOLD what will happen? Bears or Bulls? Short term analysis
GOLD right now we want to see some sort of bullish candle form and more rejections to the down side. Or we are going to be testing lower support around 1287.
In order to turn bullish we want to break the upper trend line with confirmation. We also want to break above the 50 EMA and resistance at 1297.
RSI is in a downtrend. We will want to watch for a trend line break.
In order to turn bullish we want to break the upper trend line with confirmation. We also want to break above the 50 EMA and resistance at 1297.
RSI is in a downtrend. We will want to watch for a trend line break.