Gold bullish scenario
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taking into consideration media headlines with Delta Covid increasing cases, any lockdown which might be likely + stimulus, will push stocks higher, gold higher , DXY already formed a bearish weekly reversal. So for time being, gold either trend up continuation or at least higher degree correction to 1840 1855 1870.
Nota
taking into consideration media headlines with Delta Covid increasing cases, any lockdown which might be likely + stimulus, will push stocks higher, gold higher , DXY already formed a bearish weekly reversal. So for time being, gold either trend up continuation or at least higher degree correction to 1840 1855 1870.A break above 1816 will test 1834, if we break 1834 then we should test 1840 1855 1870 at least
however, a break below 1765 is bearish and we can retest 1750 1680 zone.
Buy positions at 1785 stops 1780
1772 stops 1765
TP 1796 1805 1813 1830
a break above 1834 will test 1840 1855 1870
Regards
Penafian
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