- Daily chart shows price trending up above 50 Day SMA.
- Weekly chart shows a bullish engulfing pattern which should help bulls to continue this up move.
- Next resistance will be the 50% Fib level. Closing above 50% Level should take price to 22 Levels.
- Month chart too is looking good for bulls with a closing above 20 Month SMA. Month chart Price action should take stock to 22 Levels which is golden ratio as shown in 2nd chart.
- GOLD CHANNEL BREAKDOWN
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