Weekly Gold Outlook 24/03/2024
Recently we have seen the price of gold push high to 2200 regions - breaking new highs and extending gains. We see divergence on the 4hr chart and possible MACD crossings on the daily which may indicate a possibly roll reversal into this week and the start of April.
We remain bulls on this pair and look for pull backs taking price back to the highs with fib levels below at support.
Our rules for engagement:
- Daily price must be above 200MA
- 1hr 4hr chart intraday trades using MA cross-over and MACD signals
Conditions are not yet favourable on these time frames for long entries so we wait below for a better price.
We remain bulls on this pair and look for pull backs taking price back to the highs with fib levels below at support.
Our rules for engagement:
- Daily price must be above 200MA
- 1hr 4hr chart intraday trades using MA cross-over and MACD signals
Conditions are not yet favourable on these time frames for long entries so we wait below for a better price.
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