Gold has been trading within a range since early October.
While it ranged, the price was also seen breaking above a major falling channel, not just once but twice.
We've seen multiple rebounds whenever the price retraces to the range bottom and given such background, buying would be a better choice than selling.
Besides, US30 has recently broken new high and still continues to climb, will soon lead to an overbought and come crashing down.
In fact, the gold has been ranging for close to 3 months already which means to say that a major trend should be occurring real soon.
While it ranged, the price was also seen breaking above a major falling channel, not just once but twice.
We've seen multiple rebounds whenever the price retraces to the range bottom and given such background, buying would be a better choice than selling.
Besides, US30 has recently broken new high and still continues to climb, will soon lead to an overbought and come crashing down.
In fact, the gold has been ranging for close to 3 months already which means to say that a major trend should be occurring real soon.