SynapseTrading

Gold (Daily Chart) - Bullish Reversal At Last?

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OANDA:XAUUSD   黃金現貨 / 美元
After a few false starts last week, we are finally seeing the buyers step into Gold, judging by the latest bullish price action.

Price has successfully tested the resistance-turned-support, with a confluence at the 20 & 50-day EMA, which all provide good support for prices.

I am currently long on this counter, and should the bearishness in the stock market continue, we may see more upside here.

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