Gold possibly bullish
The main trend is upward, there have been a correction recently, but 4H chart is showing some interesting readings positive for the upward move.
There is a support level that had been resistance in the past. Additionally there is a bullish divergence between the price action and MACD action.
The corrective downtrend line should be retested, and if broken on the upward would signal a further bullish sentiment.
There is a support level that had been resistance in the past. Additionally there is a bullish divergence between the price action and MACD action.
The corrective downtrend line should be retested, and if broken on the upward would signal a further bullish sentiment.
Penafian
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