Good morning traders,
Nice blue sky in Palma de Majorca this morning !
Gold bottomed and formed an inflection point at 1070 area . With the breakout of descending trendline at 1160, Gold continues Its on the course to 1200 zone , so buy on dips favoured.
A breakout below resistance area turned support 1160 , it would invalidate the short term outlook.
Best Regards
Josep
Nice blue sky in Palma de Majorca this morning !
Gold bottomed and formed an inflection point at 1070 area . With the breakout of descending trendline at 1160, Gold continues Its on the course to 1200 zone , so buy on dips favoured.
A breakout below resistance area turned support 1160 , it would invalidate the short term outlook.
Best Regards
Josep
Josep Pocalles
Top Technical Analysis Voice
www.linkedin.com/in/josep-pocalles/
realisto.net
One-to-One Trading Coach & Mentor
Top Technical Analysis Voice
www.linkedin.com/in/josep-pocalles/
realisto.net
One-to-One Trading Coach & Mentor