GOLD - Weekly Price Action Shows A Possible Bottom
Gold has recovered $95 from the low 1680 at the begining of this week. It is such an impressive move given the breakdown of 1750-1760 area to 1680 then gold reversed and made a breakthrough 1750-1760 again.
Now watch for this weekly close for hints of final bottom in place. If this week is going to close like in the chart, it will be a huge bullish reversal candle.
It could signal the final bottom is in for gold in medium and long term. Next target for gold should be 2000 and above.
Now watch for this weekly close for hints of final bottom in place. If this week is going to close like in the chart, it will be a huge bullish reversal candle.
It could signal the final bottom is in for gold in medium and long term. Next target for gold should be 2000 and above.
