Gold bull 1st week of May

2021年5月1日

Gold price started to consolidate in the last two weeks after a terrific bounce. The trend continues to move high and get pause between 1803-1810 region. Maybe NFP will become the catalysts.

Reason for bullish

• Gold price closed above the 1765 resistance which is the broken level in Feb 2020
  
• Gold price did not made strong rejection after hitting weekly MA20
  
• Gold price did not run below daily 20MA
  
• Gold price didn't complete the 100% fib correction yet
  
• New Month New candle pullback
  
• New week New candle to MA20 retest
  

My recommendation to buy till new high

2021年5月6日

註釋

All OVER - Wait for NEW ONE