Gold Ready to Resume its Uptrend Anytime Soon
Gold has been correcting for some time and touched a low of 0.618% of its previous rally and getting support at 0.618% levels. Gold is slowly coming out of correction mode and slowly its gaining momentum and resuming its uptrend. Bull Power has crossed Bear Power upwards which is showing Bulls are now taking control slowly and steadily.
Once Gold resumes its uptrend, then Targets where it may get resistance are R1: 1850-60 R2: 1900-20 R3: 2040-50-60-70.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Once Gold resumes its uptrend, then Targets where it may get resistance are R1: 1850-60 R2: 1900-20 R3: 2040-50-60-70.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.