Gold - Continuation of Bullish Trend Expected
US results tomorrow were below expectations. Dollar is on weakening side with the fact that Interest rate hike is expected to came to end.
The Gold has surpassed 2000 Mark and tested the 2030. The price fell from the level to 2010 a correction move due. We may see Further correction till 2000.
The Gold is still in bullish trend. 20 SMA on 4H chart positioned at 2000 which is likely to act as support. Idea buying levels will be 2012-2002 with profit target of 2030 and 2048 till end of this week.
Do comment on the idea and odds.
Cheers & Keep Winning !
The Gold has surpassed 2000 Mark and tested the 2030. The price fell from the level to 2010 a correction move due. We may see Further correction till 2000.
The Gold is still in bullish trend. 20 SMA on 4H chart positioned at 2000 which is likely to act as support. Idea buying levels will be 2012-2002 with profit target of 2030 and 2048 till end of this week.
Do comment on the idea and odds.
Cheers & Keep Winning !