Gold: Developing 3 wave structure
The price is giving a picture of a rally in prices in the coming days.
Supports are at 1201$, 1196$ and 1183$.
The daily RSI and the oscillator have been bullish and moreover, the price settled above 20MA for the first time since mid-June. Based on these facts, we expect the wave c could reach as high as 1224$ coincides with the 50MA
Supports are at 1201$, 1196$ and 1183$.
The daily RSI and the oscillator have been bullish and moreover, the price settled above 20MA for the first time since mid-June. Based on these facts, we expect the wave c could reach as high as 1224$ coincides with the 50MA