Forexmaestro121

GOLD BULLISH PHASE

Largo
TVC:GOLD   CFDs sobre oro (USD/OZ)

Todays is Holiday that's why USA market is slowed. Gold is currently being rejected just above the Higher High’s trendline of the Hourly 4 chart’s $2058-$2062 area .Gold will start new multi-session Bullish pattern that will remain next 4 sessions however breaking trio Support $2050-$2052 area will represent possibility for aggressive decline towards $2040-$2042 that is just the little correction Moreover, Gold is on more and more on fundamentals and overbought , according to the cot data Non commercials are 55% on long and commercials 66% are on short (9-1-24 cot data).if the $2060 breaks in the next sessions gold with make projectile towards $2100 however, last Friday was ultimate fundamentals if we narrow down the UK & USA attack on yamen that creates tensions on global level and keep in mind that scenarios push gold up and up

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