Gold Extends Gain
The gold climbed further at the beginning of the week, following a strong bullish rebound from last week.
By now, there are multiple breakouts of falling trendlines and highs which also resulted in the formation of higher lows and higher highs.
We will wait for an opportunity to buy the pullback, expecting the price to retrace to 1755 - 1750 demand level.
If it goes beyond it will be back to 1745. Otherwise, a bullish continuation will see the price to 1780 supply level.
By now, there are multiple breakouts of falling trendlines and highs which also resulted in the formation of higher lows and higher highs.
We will wait for an opportunity to buy the pullback, expecting the price to retrace to 1755 - 1750 demand level.
If it goes beyond it will be back to 1745. Otherwise, a bullish continuation will see the price to 1780 supply level.
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