Time frame - Short term
Our bias - Buy
Looks like gold has bounce off from current support at 1923.32 , however, the next test would be a $1890 to followup through with short term down trend.
We are waiting for a strong momentum breaking upward from the current down channel, we expect the price to hit 1950 and with a retracement not lower than 1910 would re-establish its uptrend to 2020.
Our bias - Buy
Looks like gold has bounce off from current support at 1923.32 , however, the next test would be a $1890 to followup through with short term down trend.
We are waiting for a strong momentum breaking upward from the current down channel, we expect the price to hit 1950 and with a retracement not lower than 1910 would re-establish its uptrend to 2020.