GOLD needs a retracement after weeks and months of strong upside. For today and tomorrow, it might reach strong support zone around 1506. Depending on velocity reaching this zone it might either bounce of or stay in the channel of 1506-1525. Overall sentiment is still bullish. Look for opportunities to increase your long positions.
Please use this only for...
Both RSI and MACD show buyers exhaustion.
Also, Silver is going down a bit. Possible bearish short-term?
Note: this is just a personal idea. Please don't use it as trading advice.
I would appreciate any comment or like. Thanks!