Gold has broken through the 1 hour support line and the final price action before the weekend, saw a small bounce from the 50EMA.
As you can see we have an underlying 4 hour support line, which will nicely coincide with the 200 EMA.
Monday lunch time should see gold give its indication of where price will move to next, a short term pull back before continuing the uptrend or the potential for the uptrend to continue. Overall a long trade, this will be one to wait for a good entry point.
As you can see we have an underlying 4 hour support line, which will nicely coincide with the 200 EMA.
Monday lunch time should see gold give its indication of where price will move to next, a short term pull back before continuing the uptrend or the potential for the uptrend to continue. Overall a long trade, this will be one to wait for a good entry point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.