Gold Bulls Remain In The Driver's Seat
Feb-14 12:12By: Taso Anastasiou
- A bull cycle in Gold remains in play and the yellow metal is trading at its latest highs.
- Recent gains once again continue to confirm a resumption of the uptrend and maintain the bullish price sequence of higher highs and higher lows.
- Moving average studies are in a bull mode position too, highlighting a dominant uptrend and positive market sentiment.
- Sights are on the $2962.2, the 2.00 projection of the Nov 14 - Dec 12 - Dec 19 ‘24 price swing.
- Clearance of this level would open the $3000.0 psychological handle.
- The first key support to watch are levels around the 20-day EMA.
