GOLD-BUY strategy
No change in view.
One can see clearly double bottom for GOLD and also good support cloud @ $ 1,800 area.
The MACD is negative still (lagging indicator) and that hampers the up move for now.
Strategy BUY $ 1,905 - 1,910 and take profit @ $ 2,040. I think we should try to hold this for the better return, but place a stop-loss below $ 1,865 for now.
One can see clearly double bottom for GOLD and also good support cloud @ $ 1,800 area.
The MACD is negative still (lagging indicator) and that hampers the up move for now.
Strategy BUY $ 1,905 - 1,910 and take profit @ $ 2,040. I think we should try to hold this for the better return, but place a stop-loss below $ 1,865 for now.
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