After the FOMC minutes release yesterday. Gold Maintained its bullish structure.
Price has fixed above the 20-50-100-200 MA on 4 H chart and price is also above the 20 DMA . Currently 50 DMA is resisting the price hard but i believe on further visit price will cross the 50 DMA at 2032.50.
WIth price going above 2032.50 (30 Pips above i see 2039 test as imminent and on further back retest of 2032.50 i expect the price will bounce back and break the 2039.80 resistance. Cutting things short i foresee 2050 level by tomorrow. I will review my bullish stance if 2015 level is break downwards. Remember always follows risk management rules. Don't greed. And trust the process. Good Luck for today.
This is my analysis not a investment advice
Price has fixed above the 20-50-100-200 MA on 4 H chart and price is also above the 20 DMA . Currently 50 DMA is resisting the price hard but i believe on further visit price will cross the 50 DMA at 2032.50.
WIth price going above 2032.50 (30 Pips above i see 2039 test as imminent and on further back retest of 2032.50 i expect the price will bounce back and break the 2039.80 resistance. Cutting things short i foresee 2050 level by tomorrow. I will review my bullish stance if 2015 level is break downwards. Remember always follows risk management rules. Don't greed. And trust the process. Good Luck for today.
This is my analysis not a investment advice