Looking at gold we can see a possible pullback into the marked zones after the breakout of the uptrend as seen. Watch closely early on in the week to see how it all unfolds.
If we create a pullback we could see a Head and Shoulders formation which could indicate a possible trade.
Trading within a Bullish Channel formation.
Bespoke support is located at 12435.
Positive overnight flows lead to an expectation of a firm open this morning.
Further upside is expected although we prefer to buy into dips close to the 12435 level.
We look to Buy at 12435
Target 1: 12675
Target 2: 12800
Daily market report July 8th...