@mrr8344, I think so... It will give sellers hope... And buyers will come in looking for value... World economy isn't getting better.. But keep eye on stock market.. If it crashes big then gold positions may be liquidated to cover losses... As it happened in march
rated1984
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Great analysis! I think seasonal trends are in favour of your analysis. Gold is generally bullish in June/July, so looking to also buy on a pullback
imk1983-fX
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@rated1984, thanks! Let's see where it goes and just ride the train. Up or down. Trend is Bullish until the end of the run
tmurf00
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Would wait to see what the next candlestick represents, looks like it’s rejecting current push up. This same area was rejected before and seen a bearish trend occur. Could be a good opportunity to sell as well.
imk1983-fX
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@tmurf00, could be.. I am only taking a very small sell position. But buying back around 1720 if it gets there