Spot gold is ready for a move but will the bulls or bears be the victors

Spot Gold Analysis

 

Commodity – Spot Gold

Taking a look at everyone’s favorite precious metal as it is currently right on an important support level. Bulls will be cheering on for support to hold while bears will be beating the drum for a break of the 1308 zone. Either way we are expecting to see some action and will be watching for a higher low for longs or a lower high as the bears win out. Watching and waiting for now.

 

Commodity : Commodity – Spot Gold

Current Price : 1314

Status : On watch for en entry setup