Hi Guys,
Just want to share my outlook on Gold for the next couple of days. While the overall trend is bullish, I am expecting the 1830 zone (act as strong resistance multiple times in recent times and bearish RSI divergence was spotted which suggest a possible reversal) to act as temporary resistance and push down to the 1812 zone where I am expecting it to find...
I expect Gold to continue its consolidation between 1750 and 1760. An upward breakout should take it into the 1780 zones where it is likely to face resistance at 1785. My view is to buy Gold up to 1800 for this week. Best of luck guys. Note, I use only price actions and no indicators in my analysis.
