GOLD bouncing off trends and levels, predictions for May!
Short term my bias is long around 1290-1295 level to a key trend line which may be broken and thus leading to a new trend.
most likely gold will see bears drive this value up and end up fatigued by the supply.
if this bounces off then i will short until it creates a new low, failing to do so the trend will be tested again, and trend will change if broken this time around.
most likely gold will see bears drive this value up and end up fatigued by the supply.
if this bounces off then i will short until it creates a new low, failing to do so the trend will be tested again, and trend will change if broken this time around.