Gold: Bulls Look Confident After 'Golden Cross'

New York (Mar 20)  Since my last analysis on movements of Gold futures in different time frames, I find that the Gold futures have started to sense the growing optimism from the Fed's accommodative attitude.

On the other hand, the formation of 'Golden Cross' in the daily time frame could keep the bullish trend intact. Gold futures could find good support at 200 DMA in the one-hour time frame on every downward move. This is evident for the continuity of an uptrend voyage in gold futures.

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