Gold is fighting back! More Upside

Posted on Posted in Daily Blog Post, Intra-week Update

Gold continues to show strength and finally pushing through the critical resistance 1222 to 1235.50 today.

Though we are still bearish on medium term but on short term, we are bullish and that is why we are buying and holding Long positions. Currently, momentum is building up and money flow is still positive. We see a possible upside to 1250 - 1279 and We will continue to monitor as we go along.

In term of timing, a short term top could possibly be seen in March

Gold Weekly chart - showing more momentum is building up

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