Gold to continue in the upward move?

2 янв.

Gold - 24h expiry

Price action continues to trade around the all-time highs.
Trading volume is increasing.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
20 4hour EMA is at 2068.3.
Preferred trade is to buy on dips.
There is no clear indication that the upward move is coming to an end.

We look to Buy at 2067.5 (stop at 2053.5)

Our profit targets will be 2102.5 and 2112.5

Resistance: 2076.8 / 2088.5 / 2100.0
Support: 2065.0 / 2058.3 / 2050.0

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