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Gold is purely on bullish mode
with the current news event on rise with another rate cut upto 100 basis points, we can clearly see that gold is no option for investors to hedge their risks.
A good buy zone can be seen from 2625 levels to accumulate and hold for rise in coming new trading sessions.
Buy can be done only if the retracement below 200 ema is clearly seen on charts . We should strongly reject buy side if the gold falls down sharply with large size candles with each candle size beyond 3 $ each. which will signal us temporary cooling down and we should then wait for gold to test 2600 $ levels.
A good buy zone can be seen from 2625 levels to accumulate and hold for rise in coming new trading sessions.
Buy can be done only if the retracement below 200 ema is clearly seen on charts . We should strongly reject buy side if the gold falls down sharply with large size candles with each candle size beyond 3 $ each. which will signal us temporary cooling down and we should then wait for gold to test 2600 $ levels.
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