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vazitrades
Jun 8, 2023 11:25 AM

Gold Price Prediction after Range 

GOLD (US$/OZ)TVC

Description

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Currently, the asset has entered a sideways movement.
We are trading on the D TF between the 100-day and 50-day ema: $1936 - $1982.

A breakout from this sideways range will lead us to the following targets:

🛑 Put Target: $1890
✅ Call Target: $2049

If the price drops to $1890, I expect a continuation of the uptrend.
At that level, we also have the 200-day moving average, which has historically acted as a support level for the asset.
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