Gold Going Long Update !!
The demand zone acted well as a support for Gold. A break of the trendline is a sign of strength which can lead probably to a big Bullish wave to 1860.
The demand area Below is a very good point to buy long the Gold if we break the trendline with the first supply zone 1838-1844 as of TP1 and the next supply zone as TP2 after the breakout of the resistance zone between 1807-1811.
The Bullish RSI divergence is still there to confirm the weakness of the bearish move.
The demand area Below is a very good point to buy long the Gold if we break the trendline with the first supply zone 1838-1844 as of TP1 and the next supply zone as TP2 after the breakout of the resistance zone between 1807-1811.
The Bullish RSI divergence is still there to confirm the weakness of the bearish move.
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