1. reverse cup and handle breakout ( -ve for gold price)
2. support near by 60000 (+/- 200) range ( +ve for gold price)
3. next month festival and weeding season (+ve for gold price)
4. global uncertainty around china real state bauble (+ve for gold price)
5. bullish divergence in RSI on daily time frame.
all above are the trigger point which might help gold to be bullish in near term. one should look for gold to buy and avoid sell.
2. support near by 60000 (+/- 200) range ( +ve for gold price)
3. next month festival and weeding season (+ve for gold price)
4. global uncertainty around china real state bauble (+ve for gold price)
5. bullish divergence in RSI on daily time frame.
all above are the trigger point which might help gold to be bullish in near term. one should look for gold to buy and avoid sell.