Gold, Morning Analysis
Today the gold major-level bullish structure remains unchanged. As long as support at 4560 holds, look for long opportunities only.
After a spike to higher levels, there is a need for a pullback and corrective recovery on the short cycle. Intraday, we expect initial sideways consolidation to gather momentum, then a further push higher after stabilization.
The strategy is mainly to go long on pullbacks. Watch support at 4580 and initial resistance around 4650.
Buy around 4600, target 4670.
Today the gold major-level bullish structure remains unchanged. As long as support at 4560 holds, look for long opportunities only.
After a spike to higher levels, there is a need for a pullback and corrective recovery on the short cycle. Intraday, we expect initial sideways consolidation to gather momentum, then a further push higher after stabilization.
The strategy is mainly to go long on pullbacks. Watch support at 4580 and initial resistance around 4650.
Buy around 4600, target 4670.
