Gold is Heading north to test 1358. I think will break through. What do you think?
Overview: The Gold market fell during the day on Tuesday, but did found enough support below at the level of $1305 to bounce slightly. The main trend of Gold is bullish on charts and the $1300 level is looking a strong support level, at this point in time buyers are still interested in in the precious metal . The primary trend of Gold is bullish on charts. On its...
Pivot: 1297.00 Most Likely Scenario: short positions below 1297.00 with targets @ 1264.50 & 1256.50 in extension. Alternative scenario: above 1297.00 look for further upside with 1308.00 & 1315.00 as targets. Comment: the RSI is mixed with a bearish bias.
Pivot: 1290.00 Most Likely Scenario: long positions above 1290.00 with targets @ 1308.00 & 1315.00 in extension. Alternative scenario: below 1290.00 look for further downside with 1278.00 & 1265.00 as targets. Comment: the RSI advocates for further advance.
chart is self explanatory, good luck.