Gold at a crucial level for both bulls and bears, buy or sell?
As I had predicted in my previous Gold ideas, XAUUSD has reversed quite strongly after hitting the long-term support level at 1688 region. So far, the buyers who bought the low have made a very good profit.
However, Gold is at a very crucial level now. Price must stay above 1712 level which is the 100 hour moving average for further continuation of the uptrend. In case, Gold slides below 1710, then the chances of another dip to 1690 can not be ruled out.
However, Gold is at a very crucial level now. Price must stay above 1712 level which is the 100 hour moving average for further continuation of the uptrend. In case, Gold slides below 1710, then the chances of another dip to 1690 can not be ruled out.
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