Heavy Accumulation Seen in GOLD on 8th SEP - Rejection Range

Still there is no good news about any vaccine regarding COVID-19, there is still heavy hedging by investors in Gold to protect their funds. Gold is within the accmulation zone and has been range bound in the last few weeks.

Downside breakout was tried but failed and bounce back was seen in the last 2-4 trading session.

GOLD is bullish.

Comment:

Gold has breached upside accumulation zone line. If sustains, GOLD will move higher.

Trade closed manually:

Gold fallen below to our bear zone indication.