As of now gold prices are trading inside the kumo with a slightly negative bias on a weekly basis,,though thr r some positive signs which could c gold going on the higher side..
As the chart above shows thr is a Bullish Senkou Span Cross on the weekly basis..and with seasonal bull run fr gold to follow in the coming months we could see gold touching new heights fr the short term..
i would rather like to be cautious fr this week and would like to confirm the trade next week.
Comments
akhil1206
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well the pattern has broken on the downward side or is it a false breakdown...possible gartley bullish pattern also developing...wont buy in a hurry...