GOLD
Long Setup
Continuation trade:
👉🏻 Price attempted to break 1700 level or even stay below it twice. We could very much assume that buyers are very much in control now. Some minor pullback will induce me into buying this precious metal. A significant break below 1670 will only then change my bias completely. We are also entering our 2nd quarter of the year, some change in momentum could be expected.
Long Setup
Continuation trade:
👉🏻 Price attempted to break 1700 level or even stay below it twice. We could very much assume that buyers are very much in control now. Some minor pullback will induce me into buying this precious metal. A significant break below 1670 will only then change my bias completely. We are also entering our 2nd quarter of the year, some change in momentum could be expected.