Since the beginning of April, Gold is trading in a range and although the pressure seems to be on the sell side, bears didn't prove their power (at least for now) and break under 1915-1920 zone support.
We must keep in mind that the long-term trend is strongly bullish and the longer the price stays above this zone the higher probability of a higher low becomes.
I'm neutral at this moment, keeping an eye on the 1920 zone and 1950 resistance for more clarification
We must keep in mind that the long-term trend is strongly bullish and the longer the price stays above this zone the higher probability of a higher low becomes.
I'm neutral at this moment, keeping an eye on the 1920 zone and 1950 resistance for more clarification
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