The stage seems to be setting up nicely for gold to make a major move over the next few hours to days... We have a bullish divergance, a bullish cross on the EMAs, we have been uptrending since the knee jerk sell off from the NFP report.
We are approaching the golden ratio 0.618 fib level if we are able to turn this into support gold becomes extremely bullish.
Sharp decline in global bond yields giving gold a favourable boost!
We are approaching the golden ratio 0.618 fib level if we are able to turn this into support gold becomes extremely bullish.
Sharp decline in global bond yields giving gold a favourable boost!