ssari

GOLD (Prj.Y19.P2.E4).Macro.Bullish signs

Short
SAXO:XAUEUR   Gold/Euro
The price is holding up at a main fib. level and in a downward wedge formation.

Observations:
> Upward Trend is intacted
> 21 EMA on the Weekly acting as support
> RSI and Stoch indicating Hidden Bullish Divergence
> Previous resistance of 2012 can act as support or is trying to
> Media\News: Gold is being sort out for risk management due to the fiat concerns, central banks are buying up gold , etc

3D Chart
Comment:

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