Gold's corrective structure might be ending

5 Mar 2021

When we look at the longer term trend, we can clearly see Gold is in a bullish state. The current corrective structure is either nearing its end or we might see a downtrend starting. My overall sentiment is still bullish however...if we look at the MACD we can see that there is clearly no divergence suggesting we might get another push to the downside so look for long trades with caution.