All the Volume based Indicators are showing Bullish Divergence with Price, meaning accumulation by Smart Money.
Gold Has been in a Consolidation for more than a year. Divergence during this phase is a strong signal of Smart Money Buying !
TO Confirm this setup GOLD needs to breakout of the downward Sloping trend-line.
Then a New Bull Rally Can Start !
Gold Has been in a Consolidation for more than a year. Divergence during this phase is a strong signal of Smart Money Buying !
TO Confirm this setup GOLD needs to breakout of the downward Sloping trend-line.
Then a New Bull Rally Can Start !