Gold market updateOleg Alexandrov
Yesterday we had a lot of volume in the tough range between 1460 and 1464 (1). As you can, indicator screams about activity of smart money.
Later, price jumped upwards (2) from the tough zone. Note a lot of demand (green delta) on that upbars and fast speed. So, we got new support level. The previous one was registered at 1450. So, rising support is the bullish indication.
Here is one more strong fact. – Price is holding above 50% level of yesterday rally lenght
Watch for minor SLKBs and NS+DB in order to try make a profits here.
While price is holding above the zone of strength (1) – we should prefer longs.
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