Gold ready for next leg up?

Looking like GP is set to move higher in the coming days:



Both RSI and MACD are in the oversold space and both show the recent highs are higher than previous highs and the current lows are higher than the previous lows.

The 50Days MA has now moves up higher than the 200Days MA. This is an abnormal Golden Cross because GP is lower than 50Days MA. Nevertheless a crossover is still a good sign. Hoping to see GP move above $1,840 and that may signify the start of a genuine up leg.




With the loss booking now over (thank goodness!) and start of a new financial year, hoping to see DCN SP moving higher in the coming days.

Cheers.
GLTAH