is again testing the 1,276.50 - 1,281 1D Support Zone
, the fourth attempt since January 21st. 1W is now neutral ( RSI
= 51.224, ADX
= 43.282, MACD
= 9.820) prompting to a rebound. We can't yet know the exact long term trend on Gold
as although the 1,360 - 1,370 1W Resistance hasn't been crossed yet, the bullish trend
is intact and for now well supported. We believe that traders with a medium term mindset will get the most out of the next few weeks between the 1,276.50 - 1,281 1D Support Zone
and the 1,324.45 - 1,326.20 Resistance Zone
. The Lower Highs on 1D are pressing downwards but the buying accumulation on the 1D Support Zone
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