• GOLD - Weekly Report


    Gold rebounded printing a strongly bullish candlestick formation on Friday, meanwhile. RSI and MACD are showing a strong bullish divergence, which happens to be near the bottom of the long term sideways range and major support level at 1530.00. Accordingly, we expect the bounce to continue in the short term and for this week.

    Based on the charts and explanations above, we prefer to long the metal above 1562.00 targeting 1580.00,1590.00 and 1600.00. Stop loss below 1549.00

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