As seen on the gold analysis, the price has begun an uptrend that will continue at least in the short/medium term. The very short term target is the resistance identified by the EMA200 weekly and it is set at around $ 17: if the formed support on the 78.6% of the Fibonacci retracement ($ 16.25) should not yield in the case of a retest, within a few sessions the price will be in the channel between 16.8 and 17.5 $.
Bullish vs Bearish
The main trend (on weekly and monthly tf) is still bearish but tends to reach the key resistance; in the daily it has already reversed. In any case, influenced by the global macroeconomic scenario, this asset is destined to reach new highs for the period.
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