Gold has turned bullish last week and I expect continuation towards higher levels in the week ahead.
Gold (GLD) has turned bullish last week and I expect continuation towards higher levels in the week ahead.
We can spot double trend line confluence and the price consolidating in the zone before a breakout to the upside. We should see a move to the upside off 1830-33 zone. Targets are 1840, 1845, 1852 and 1864. We see a bullish zigzag in the 15 min time frame so intraday traders might be looking for buying opportunities.
The Analysis has been done with the Black Widow system.
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