In my weekly post, I mentioned as long as 3245 holds, gold is bullish and it is likely to form an inverted head and shoulder pattern if this week closes in a positive note. Indeed gold went up straightaway without testing 3245 support, breaking both 3325 and 3365 resistance. This is a sign of strong bullish momentum.
I will be only engaging buying orders today since the bull is so strong. Will look for buying opportunity from 3365, targeting 3430 today.
I will be only engaging buying orders today since the bull is so strong. Will look for buying opportunity from 3365, targeting 3430 today.
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