Can gold continue to be bullish?
The 1-hour moving average of gold is still in a bullish arrangement with a golden cross. The decline of gold is an opportunity to go long. Now the moving average support has moved up to 2416, and gold continued to rise after testing the 2416 support on Friday. Gold will observe the support near 2420 today
The trend formation will not end so quickly. After gold's adjustment last week, the bulls have stabilized again. The gold bulls will go to a higher level, and gold will reach new highs. We will wait and see.
Comment
There has been a rebound in gold, and our long gold orders are making profitsComment
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