Hello Traders
We are nearing the end of a 3 weeks trading range on gold.
Liquidity for demand was grabbed at the lower levels all this time and we might be on to another Lower Low and/or Spring action for an explosive rally to the upside.
Possible TP would be 1825, and any long term TP could be the 1900s, but as always with gold, tread very carefully and dont over leverage before considering any long term investments.
As always, stay safe with your trades and always wait for for range tests confirmations before making your entries.
Goodluck !
We are nearing the end of a 3 weeks trading range on gold.
Liquidity for demand was grabbed at the lower levels all this time and we might be on to another Lower Low and/or Spring action for an explosive rally to the upside.
Possible TP would be 1825, and any long term TP could be the 1900s, but as always with gold, tread very carefully and dont over leverage before considering any long term investments.
As always, stay safe with your trades and always wait for for range tests confirmations before making your entries.
Goodluck !