Sharp upside move can welcome gold bulls

Gold is in a long term bull trend, boosted by strong fundamentals (supporting macro and fiscal environment). Furthermore, seasonality shows upside cycle from december. As technical picture is forming a corrective and longer bull flag, it can break out soon and aiming the previous highs with a rapid like move. MACD shows that bulls are at the corner, and ready to break the midline. A call a buy here. Entry at this support area or preferably when breaking out of the bull flag/counter d1 trendline.

Trade geschlossen: Stop wurde erreicht:

breakeven