Yesterday’s daily candlestick closed at 1601, above the consolidation ranges of 1536 - 1590. This marks a positive momentum change on Gold. Momentum has switched to the bullish.
I anticipate Gold to continue its bullish momentum after a short pullback into levels of 1590 - 1592. It was where the previous resistances were. From the Fib levels that I have plotted, I will look out for 1623 as my target level for Gold.
Entry levels: 1590 - 1592
Target price: 1623.
I anticipate Gold to continue its bullish momentum after a short pullback into levels of 1590 - 1592. It was where the previous resistances were. From the Fib levels that I have plotted, I will look out for 1623 as my target level for Gold.
Entry levels: 1590 - 1592
Target price: 1623.