Gold may rise to 1865.00 - 1871.00
Our preference
Long positions above 1851.00 with targets at 1865.00 & 1871.00 in extension.
Alternative scenario
Below 1851.00 look for further downside with 1846.00 & 1840.00 as targets.
Comment
The RSI calls for a bounce.
Daily and weekly charts are also bullish.
Our preference
Long positions above 1851.00 with targets at 1865.00 & 1871.00 in extension.
Alternative scenario
Below 1851.00 look for further downside with 1846.00 & 1840.00 as targets.
Comment
The RSI calls for a bounce.
Daily and weekly charts are also bullish.