First and foremost, the sentiment of the gold market is bullish, so we are looking for BUY positions. Moreover, as it can be clearly inferred from the chart, the price has been able to reject or bounce off the local zone of important support a lot of times in the near past. Now that the price is located on this critical area, we are looking forward to opening buy positions and aiming for the zone plotted out on the chart
Happy trading, everyone!
Happy trading, everyone!