Long on GOLD for the coming weeks
Gold daily MACD just performed a bullish crossover. I think the price of gold will now grow within the boundaries of the long term descending channel. The RSI is moving upward and room remains for growth over the coming weeks. I expect a technical pullback around 1760 USD then, if treasury bond yield does not alter the trend, growth toward 1815 USD or even 1855 USD seems achievable.
Let me know what you think of this idea in comment.
Let me know what you think of this idea in comment.
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