Gold Forecast
I would Take a long position because of the next arguments (Obviously is necessary to take into account the lower time frames):
>Shortening of the down thrust.
>Close to a support zone.
>Incapability to look for the oversold line
(Lower Red Line).
>The retracements are more than the 50% showing Strength
>The down movement of the 31/07 was almost reversed
by the next day (Little red square), Giving signals of
strength
>Shortening of the down thrust.
>Close to a support zone.
>Incapability to look for the oversold line
(Lower Red Line).
>The retracements are more than the 50% showing Strength
>The down movement of the 31/07 was almost reversed
by the next day (Little red square), Giving signals of
strength
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