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GOLD - Swing Model Shows Invalid Bulls Under 1790
1790-1797 could provide good opportunity to buy on dips given a few setup including: structure retest, MA(200) on 4-hour chart at 1795, a channel forming on 4-hour time frame, and a possible hidden bullish divergence.
However, our swing model indicates bullish swing may come to an end if gold breaks support at 1790. Above 1790, gold still has hope to go to 1853.
However, our swing model indicates bullish swing may come to an end if gold breaks support at 1790. Above 1790, gold still has hope to go to 1853.
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