Gold – Are The Bulls Back Yet?

11 Jul - Gold 4 Hr

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Hi Traders,

A quick update on Gold. As mentioned on the 1 July (see article), I spotted a decent support around 1180 and was waiting to see how price would react. Since my last article, price gave a nice ABC pattern and was fuel by FOMC’s minutes release from last night/this morning.

Having a bird’s eye view again, I can see a near term resistance just around the corner (~1326). Are the bulls back in control? I believe the next test should give us more hints.

Thank you for reading and happy trading.

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