Yesterday I said that my target for Gold remains 1920, but as always when we trade a correction, we must be very careful and looking at the structure, 1920 support may not be touched and a bottom can already be in place at 1940.
Going further with the cart, a nice up trend line can be drawn from 1780 low, and as long as this trend line is intact, bulls hold the upper hand.
A very important zone at this moment is 1960-1965 and a break to the upside would confirm the 1940 low as an important one.
My approach is to wait and see for now with a bullish bias.
Going further with the cart, a nice up trend line can be drawn from 1780 low, and as long as this trend line is intact, bulls hold the upper hand.
A very important zone at this moment is 1960-1965 and a break to the upside would confirm the 1940 low as an important one.
My approach is to wait and see for now with a bullish bias.
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📈 Join the FREE Forex & Gold Channel
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💎 Join the FREE Crypto Channel
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.