BullBearMkt

I'm Neutral On Gold Untill Weekly Turns Bullish

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been in corrective wave since mid-August and now bullish on daily. For now, I am neutral on gold until I see the weekly sentiments turns to bull (weekly sentiment is bearish). A rally above the bullish wedge can change the weekly dynamics. Seasonality, gold is bullish, so a pullback on daily towards after weekly outlook changes will be a good entry for buy.

Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

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