This Safe haven metal moves in uptrend channel
Gold prices dipped slightly in early Asia on Thursday as investors looked ahead to the end of the week U.S. jobs report for fresh direction after an overnight surge.
On the Comex division of the New York Mercantile Exchange, gold for April delivery eased 0.06% to $1,142.40 a troy ounce.
Most Likely Scenario:- Long Above @1137.70 with target 1158.20 to continue its uptrend
Alternative:- Short Below @1137.70 with target 1127.50 for further retracement.
Alternative:- Short Below @1137.70 with target 1127.50 for further retracement.
RSI Still moves in buying area.
Trend:- Uptrend
Candlestick Pattern :- Inverted Hammer
Moving Average gives buying indication
Summary :- Buy
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