Gold have over the last couple of days flirted with the 1240 handle.
It needs to show strength with higher numbers.. soon!
The 1235 handle is the line in the sand or gold have a possibility
of an EW flat playing out on daily... visiting the 1170/80 handle again.
Price action is squeezed in between the moving averages causing the back and forth.
RSI under 50 so strength is weak, but gold is at a structural support zone...bears and bulls in combat action on the battlefield
But as always time will show
Safe trading ladies and gents!
BM
Music at work:
www.youtube.com/watch?v=omFWGBfV...
It needs to show strength with higher numbers.. soon!
The 1235 handle is the line in the sand or gold have a possibility
of an EW flat playing out on daily... visiting the 1170/80 handle again.
Price action is squeezed in between the moving averages causing the back and forth.
RSI under 50 so strength is weak, but gold is at a structural support zone...bears and bulls in combat action on the battlefield
But as always time will show
Safe trading ladies and gents!
BM
Music at work:
www.youtube.com/watch?v=omFWGBfV...