GOLD MAY FROM ANYWHERE FROM THE 1771 - 1790 ZONES.
Hi Traders,
I believe very strongly that the drastic fall in gold that we saw last week is too steep for us not to see some level of retracements which is what we have seen this week.
I also think the retracement may be over and this pair may drop anywhere from 1771 - 1790 zone.
I will stay away from gold sell and watch price action for possible buy opportunities if I see a daily close above 1833.
Trade with care and apply proper risk management.
Best of luck and have a pipful day in the market.
I believe very strongly that the drastic fall in gold that we saw last week is too steep for us not to see some level of retracements which is what we have seen this week.
I also think the retracement may be over and this pair may drop anywhere from 1771 - 1790 zone.
I will stay away from gold sell and watch price action for possible buy opportunities if I see a daily close above 1833.
Trade with care and apply proper risk management.
Best of luck and have a pipful day in the market.
Comment:
This analysis played out very nicely and broke 1680 in the course of last week. Lets's see where gold is going next
FINSPOT ACADEMY