Gold has made a Trendline Breakout. Price look Semi-Bullish. But to me it has to make another Trendline breakout at 2355-2360 level to be Bullish again.
Current price structure is bullish flag in 1H TF.
Buying on dip is recommended. Price may test 2344 level ( 50 DMA) and 2349 Level 200 SMA(4H). Breaking of 2360 and Gold may visit 2400. So 2344-2349 is my medium term target. Buy on Dip.
Good Luck
Current price structure is bullish flag in 1H TF.
Buying on dip is recommended. Price may test 2344 level ( 50 DMA) and 2349 Level 200 SMA(4H). Breaking of 2360 and Gold may visit 2400. So 2344-2349 is my medium term target. Buy on Dip.
Good Luck
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