GOLD IS STILL BULLISHSecondary test will lead to a shake out... Inertia steel above 50 on the 4 hour confirming that the uptrend is intact...
1 hour already oversold with heavy accumulation on increased negative momentum leading to a secondary test...
After it surplus will happens ... waiting for the 200 ema to show support is an smart decision since limit buy orders sit there and the specialist need to finish his job... However they can also scale up their position but most of the time they follow this system to fill large market orders.
