Home Daily Analysis Charts / Trade Ideas Gold Update: Potential Bullish Continuation

Gold Update: Potential Bullish Continuation



After an impulse movement gold has been moving in a corrective phase for the last few hours. Currently, the price has made a reversal with volume confirmation. All indicators are turning to bullish. Therefore, if the price moves above $1,422, it could be an excellent place to set a long position. The invalidation level is $1,416.

The last top was close to $1,430 so it will act as a resistance level. The current bias is bullish, so it can be easily surpassed.


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