Gold is poised to reach 1980 before it can make a downward move. At 1980, the precious metal will form a bearish cypher harmonic pattern.
Before that we have to break through 1950 resistance.
Currently, gold is trading at 1926 and the price has formed a bullish divergence with the MACD from the two previous lows as can be seen from the white tangent line drawn
Keep ears to the ground for fundamentals.
Merely my opinion, not in any way financial advice. Stick to your strategy and manage your risk.
All the best.
Before that we have to break through 1950 resistance.
Currently, gold is trading at 1926 and the price has formed a bullish divergence with the MACD from the two previous lows as can be seen from the white tangent line drawn
Keep ears to the ground for fundamentals.
Merely my opinion, not in any way financial advice. Stick to your strategy and manage your risk.
All the best.