Just a short term idea possibly.
Saw a nice High today with a sharp rise to 1937 - Have come back to test the 1926 level.
You never know but another bounce of the 1926 level could maybe take us back to around the 1937 level again?
We are getting some higher lows atm with an uptrend.
However if we do break down below 1926 i do think Gold can go back down to around 1916-1918.
This could be a good opportunity to get into a buy if there is good rejection and confirmation in this area.
Trying to keep an eye on DXY also to see how it moves, i do expect it to fall a little more which could give Gold the boost it needs.
Looking forward to your feedback!
All the best
Saw a nice High today with a sharp rise to 1937 - Have come back to test the 1926 level.
You never know but another bounce of the 1926 level could maybe take us back to around the 1937 level again?
We are getting some higher lows atm with an uptrend.
However if we do break down below 1926 i do think Gold can go back down to around 1916-1918.
This could be a good opportunity to get into a buy if there is good rejection and confirmation in this area.
Trying to keep an eye on DXY also to see how it moves, i do expect it to fall a little more which could give Gold the boost it needs.
Looking forward to your feedback!
All the best