Gold : Still looking good
Despite the strong Dollar Index gold doing good and currently trading near to All time high and still looking good to go higher, on technical basis also, If we watch the daily CPR formation , CPR is ascending for today also + gold price trading above weekly pivot (2640),So technically the price is still favourable for bulls and we can expect continuation in higher side as per this formation, yesterdays decline/ correction was not convincing enough for bears and I think it is normal corrective structure after a bullish structure and this correction can add more fuel for incoming bullish structure at least towards 2685.
In Lower side we have to watch weekly Pivot as major Level for continuation or reversal point .
In Lower side we have to watch weekly Pivot as major Level for continuation or reversal point .
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