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Gold tests 2678, Where next..?
Gold has been trading with a bullish bias and 1 hour 50 EMA 2664 acts as local demand zone.
As long as this zone 2665-2660 is active support, our view is that gold will continue to extend bullish advance towards 2685-2690 and further march towards 2700-2710 in near term.
If 2660 breaks, expect retracement towards support base 2650-2645
Break lower would signal a downward shift in short term trend which exposes 2620-2610
As long as this zone 2665-2660 is active support, our view is that gold will continue to extend bullish advance towards 2685-2690 and further march towards 2700-2710 in near term.
If 2660 breaks, expect retracement towards support base 2650-2645
Break lower would signal a downward shift in short term trend which exposes 2620-2610
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