Gold: Bullish if above 1188.13
Analysis on chart, there's a potentially very bullish setup in gold and silver.
A retracement would be better, for the time being monitor the price action, but keep in mind there is no new low after 6 months here, so any strong move above 1188.13 might trigger a rally.
It's interesting to note that crude oil is giving bearish signals. We might have very intense dollar volatility in the coming months.
Cheers,
Ivan.
A retracement would be better, for the time being monitor the price action, but keep in mind there is no new low after 6 months here, so any strong move above 1188.13 might trigger a rally.
It's interesting to note that crude oil is giving bearish signals. We might have very intense dollar volatility in the coming months.
Cheers,
Ivan.
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