Multiple bullish indications
Keep in mind that goals are all potential prices when certain things happen. For gold, a daily close to the level of $ 2,982, shows the power that can lead to further upwards in the short term. Today’s breakout was decisive and showed a strong upward momentum. Moreover, a Bull -Breakout from an indoor Week is activated this week, as well as a bullish monthly signal.
The last advance after a bull -breakout of monthly consolidation in March last year was followed by a progress of seven months to the recent $ 2,790 high. Although that may not happen this time, it shows the potential for higher prices. Bullish indications also show the potential for a new phase to the upward trend. This means that Pullback could lead lower to new institutions to take advantage of the continuation of the rising long -term trend.
As a pullback, $ 2,956 could test support
The recovery of the 20-day MA yesterday and successful support for De Lijn with the low point of the day has prepared the launch. A new high outbreak has just begun and a new meeting above the 20-day line. Furthermore, last week the 20 days went flat during the recent Bearish correction, but it was not rejected. It is now starting to come up again. If a decrease comes before new highlights, its important potential support levels, characterized by the confluence of price levels on the graph, around $ 2,956, $ 2,945 and a range of $ 2,936 to $ 2,930.
Look for a look in all the economic events of today Economic calendar.