Despite the current dynamics favoring more upside in the price of gold, bulls need to break to new highs.
The first two hurdles await by the 50% FR at $1960 and by the 62% FR at $1987
If prices break above the $2K handle, the likelihood of reaching $2025 first will increase
price action will determine whether the rally from $1846 is indeed an impulse or not
If back to the downside, i expect $1810~1800 is the main floor. Thanks~
The first two hurdles await by the 50% FR at $1960 and by the 62% FR at $1987
If prices break above the $2K handle, the likelihood of reaching $2025 first will increase
price action will determine whether the rally from $1846 is indeed an impulse or not
If back to the downside, i expect $1810~1800 is the main floor. Thanks~