We have been stressing that Gold will experience a slowdown in momentum. Momentum fell but managed to maintained above the 1740 key support region.
Gold was trading at the key support region and had a momentary breakout but was swiftly recovered as buyers came into bid, creating a bullish pin bar as indicated on the chart above.
All these confluences potentially indicate that Gold can continue to climb towards the upside at least towards the recent high at 1790.0.
Gold was trading at the key support region and had a momentary breakout but was swiftly recovered as buyers came into bid, creating a bullish pin bar as indicated on the chart above.
All these confluences potentially indicate that Gold can continue to climb towards the upside at least towards the recent high at 1790.0.
