GOLD Bulls Are in Control but Watch for W H5

GOLD is still in a strong uptrend. Bulls are in full control, but market is getting closer to a possible retracement.

W H5 camarilla pivot is the strongest weekly camarilla resistance. We should see a retracement if the levels is reached. Only a bullish close above 1785 might push more momentum into the price testing 1800 level. However, if we see a drop from the W H5, then W L3 1750-1730 should provide a fresh momentum and market could bounce again. Gold is pretty stable at this point ccompared to Forex currencies as the uptrend is strong and persistent.

The Analysis has been done with the CAMMACD.Core and Sit Systems

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