Please take note this is not trading advice but some idea's on how Gold might react today.
From my point of view we have experienced a Golden cross on MACD at -6.590 approx. which would suggest a shift in momentum from Short to Long. RSI is resisting firmly above 50 which might indicate buying strength. Stochastic is also lingering above 50 suggesting momentum can be strong for Longs. Using special high's and low's, I have established a nice rising channel.
Thanks Hope this helps.
From my point of view we have experienced a Golden cross on MACD at -6.590 approx. which would suggest a shift in momentum from Short to Long. RSI is resisting firmly above 50 which might indicate buying strength. Stochastic is also lingering above 50 suggesting momentum can be strong for Longs. Using special high's and low's, I have established a nice rising channel.
Thanks Hope this helps.