- Gold is trying to Re enter the weekly channel.
- Price has broken 50 Day Moving average and is testing its 100 Day Moving average.
- We may see a bounce if 100 DAY SMA holds. Bearish momentum is high so longs will be risky.
- In the medium term price may try to enter the Weekly channel shown in the first chart and continue the steady up move staying within this channel.
- ES POSITIVE DIVERGENCE
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