GOLD
GOLD reached towards daily, weekly demand zone, with positive COT report with net longs depicts the accumulation zone ready to blow up.
Viewing technically on LTF(4 hr) a bullish MACD & RSI divergence supports the view with a falling wedge formation.
Key levels mentioned on chart.
Trade with caution and trailing stop loss.
Viewing technically on LTF(4 hr) a bullish MACD & RSI divergence supports the view with a falling wedge formation.
Key levels mentioned on chart.
Trade with caution and trailing stop loss.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.