Very strong support on GOLD!
38.2 retracement on Monthly chart acted as a strong support. Also claster 161.8 of previous correction plus bullish engulfing pattern. Looks like GOLD might go UP for a while now. 600 pips until next serious resistance.
38.2 retracement on Monthly chart acted as a strong support. Also claster 161.8 of previous correction plus bullish engulfing pattern. Looks like GOLD might go UP for a while now. 600 pips until next serious resistance.
Kommentera:
Looks like Gold is pulling back to form potential Reverse H&S, so keep eye on it at around 1690