Gold become bullish because of the uncertainty of US election result last week,
The rise is driven by market sentiment, but in the end it will return calm after Biden take place,
he will let the public feel more secure.
This will boost the U.S. dollar to a certain extent, and it will be inevitable for gold to rise.
In DMI indicator, -DI running below the APX and +DI for 3 days near the 20 zone, +DI expect down cross within few sessions,
also, we are located in a over brought area, i am expect gold moving down near the EMA 144 area,
once we break the small support zone which i showing on chart, below target 1@1944 2@1937
, thanks very much , enjoy the day!!
The rise is driven by market sentiment, but in the end it will return calm after Biden take place,
he will let the public feel more secure.
This will boost the U.S. dollar to a certain extent, and it will be inevitable for gold to rise.
In DMI indicator, -DI running below the APX and +DI for 3 days near the 20 zone, +DI expect down cross within few sessions,
also, we are located in a over brought area, i am expect gold moving down near the EMA 144 area,
once we break the small support zone which i showing on chart, below target 1@1944 2@1937
, thanks very much , enjoy the day!!
Trade closed: target reached:
Open trade once 1950 support break,
Price break the support , target reached
Price break the support , target reached