Gold made a bullish Engulfing yesterday and confirmed it with a strong move above 50 MA, making a bullish 8/20 EMA cross
However, the move was rejected precisely at 200 MA. The majority of indicators support a continued move upwards.
As the metal is overbought on the 1 and 4-hour frames, there is a possibility of horizontal movement for the next few days.
Today there is a CPI Data to be rolled out at US morning hours expected to be hight as compared to forecast that will fule Gold to bullish trend
However, the move was rejected precisely at 200 MA. The majority of indicators support a continued move upwards.
As the metal is overbought on the 1 and 4-hour frames, there is a possibility of horizontal movement for the next few days.
Today there is a CPI Data to be rolled out at US morning hours expected to be hight as compared to forecast that will fule Gold to bullish trend
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.