Gold- bulls are in control
In yesterday's comment, I said that I'm cautiously bullish and for a clear bull image the price of Gold needs to clear 1820-1825 zone resistance.
The NY close has found Gold at 1830 and at the time of writing, we are at 1840, well above this resistance, now support.
From a technical perspective, we can say that 1786 is a higher low at this point and bulls are in control.
The falling trend line resistance is now around 1860 and I expect to shortly cap gains.
On the short term, 1825 support should hold strong, and dips towards this zone should be bought
I'm strongly bullish as long as the price stays above 1810
The NY close has found Gold at 1830 and at the time of writing, we are at 1840, well above this resistance, now support.
From a technical perspective, we can say that 1786 is a higher low at this point and bulls are in control.
The falling trend line resistance is now around 1860 and I expect to shortly cap gains.
On the short term, 1825 support should hold strong, and dips towards this zone should be bought
I'm strongly bullish as long as the price stays above 1810
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