Hi, right now gold price has multiple time enter at the support level also price keep bouncing back to the up side.
From my view, from the past few day price still couldn't break the support area (orange box) and I'm finding this level is a good opportunity for buy order. As right now with the current news with the release of the vaccine, thus impacting gold pretty much. Despite that, I'm also looking other confluence such as DXY current value seems like continuing not showing any sign of recovering back for now.
For entry confirmation please watch any price action occur and use proper risk management.
Thank you for reading ! :D
From my view, from the past few day price still couldn't break the support area (orange box) and I'm finding this level is a good opportunity for buy order. As right now with the current news with the release of the vaccine, thus impacting gold pretty much. Despite that, I'm also looking other confluence such as DXY current value seems like continuing not showing any sign of recovering back for now.
For entry confirmation please watch any price action occur and use proper risk management.
Thank you for reading ! :D