Gold has been in sideways for about 4 months and then in downtrend for 2.5 months.
I am not too positive for gold to go in bull trend as indicators just a trend analysis which could go wrong.
But here i am using STOCH (again) which appears to be crossed 4 days back and yesterday it came over 20. also, the Forexx MA cross happened 3 days ago.
But yesterday, my Gold vs Bull indicator AKA Golden Fight appers to go green over red.
So, taking these 3 as positive gold.
Also, it jumped over a longterm trendline too.
Hoping for a good.
Thanks !!
I am not too positive for gold to go in bull trend as indicators just a trend analysis which could go wrong.
But here i am using STOCH (again) which appears to be crossed 4 days back and yesterday it came over 20. also, the Forexx MA cross happened 3 days ago.
But yesterday, my Gold vs Bull indicator AKA Golden Fight appers to go green over red.
So, taking these 3 as positive gold.
Also, it jumped over a longterm trendline too.
Hoping for a good.
Thanks !!
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Green lines are support and Red lines are major resistance to be broken for more bull run..
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Magnified view of S/R