Gold closed above 200EMA,wat next!
Gold finally closed above 200EMA, in the next few days if it closes above its downward channel it could go up 8-10%.
I believe this scenario is highly probable..!
in the smaller windows, you see anytime gold crossed above its 200EMA there was a sharp bullish rally of 8-16%.
My assumption is we will test 1950-1960 in the next 2-3 months.
Recommendation: wait for the reaction to the upper border of the channel..!
I believe this scenario is highly probable..!
in the smaller windows, you see anytime gold crossed above its 200EMA there was a sharp bullish rally of 8-16%.
My assumption is we will test 1950-1960 in the next 2-3 months.
Recommendation: wait for the reaction to the upper border of the channel..!
