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Gold: buy the overshot pullback

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Gold preciousmetals Metals Technical Analysis Fundamental Analysis Support and Resistance pullbackbuy Fibonacci breakout breakouttrading buysignal Bullish Patterns LONG
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gold preciousmetals metals technicalanalysis fundamental supportandresistance pullbackbuy fibonacci breakout breakouttrading buysignal bullish long
Technicals

Gold broke strongly through the resistance level drawn, before closing slightly above it and then pulling back below it.

I have been long gold for a while and this 'overshot' pullback provides further buying opportunities.

Fundamentals

Following Brexit, we are likely to see UK, European and US stocks take further hits; further warnings from many UK companies; further warnings from the UK government. All these will likely drive gold higher.


Operación activa:
Long
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