After breaking the narrowing trading wedge, price broke below the support and declined to around 1215.00. I wanted to see a rally in the price earlier but did not get it.
Looking at the chart we can now see price might find support at the 50SMA around the 1215.00 area, I feel there is an opportunity to get long gold here with the first target at 1250.00.
Looking at the chart we can now see price might find support at the 50SMA around the 1215.00 area, I feel there is an opportunity to get long gold here with the first target at 1250.00.
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GOLD RALLY
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