Where is gold heading to? 1901 or 1958 before a reversal?
Currently we are trading above reference EMA's and consolidated few candles off the previous descending channel, therefore it all points to a continuation with some pullbacks in between.
The thing is: where would be located the possible reversal point?
Here few possible scenarios. I am not considering anything higher at the moment as FED pointed out a possible interest hike that would affect Gold price.
Currently we are trading above reference EMA's and consolidated few candles off the previous descending channel, therefore it all points to a continuation with some pullbacks in between.
The thing is: where would be located the possible reversal point?
Here few possible scenarios. I am not considering anything higher at the moment as FED pointed out a possible interest hike that would affect Gold price.