Gold

2 Agu 2017

Following up from the Head and shoulders pattern from about a week ago, we have been in a buyers market which covered about 500+ pips. sellers tried to enter the market and failed as they could break any lows, today we see price buyers a bullish candle engulfing the past 3days P.A which is a clear sign of the uptrend continuation. for confluence we can see a rejection from the ascending T.L which brought about the bullish engulfing candle. my bias is long on this commodity with my first target at 1296.246 daily support however i believe we will be tapping the 1300.000 and beyond in the next weeks