Gold outlook

Gold (monthly).

Gold (weekly).

MACD cross (Bullish).
Price above Bollinger Median with a lot room left to run to upper band (Slightly bullish).
Sharp RSI uptrend that points to momentum (Bullish).
No crossing of 100 and 200 Moving Average yet (Neutral).
Overall: Slightly bullish.

Gold (daily).

Higher lows in RSI (Bullish).
Price above 100 Day Moving Average (Bullish).
Price below 200 Day Moving Average (Bearish).
Still a negative crossing of 100 and 200 Moving Average (Bearish, but indicator very laggy for daily charts).
Positive MACD crossing (Slightly bullish)
Price just above upper Bollinger Band. (Very bullish OR very bearish).
- A real breakout can be very bullish and signal that the daily cycle is far from over.
- … Or we will be making at least a short term top here that should not be alarming.
- However I am more inclined to a bullish leaning since we have such a huge momentum in RSI.
Overall: Neutral/Slightly bullish.

Personally I am still LONG gold/silver with full exposure.

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