Gold Gold Daily Video, August 28, 2024

[Sive Morten]

Good morning,

Gold keeps bullish context, but price shape has changed slightly and we discuss options for long entry again:

 

[Brett Reynolds]

I looked at start of week and by my indicators market was overbought at weekly level. When you get 'chat' about targets and you see the moves positive at the beginning of the week..then you have to ask yourself...(Can market Really continue for another week to reach $2560).? I have also seen this behaviour on other markets..and then..you wait..and get the fakout' after Monday & Tuesday seshions.