Gold continued to slide further after our weekend analysis. It has now formed a divergence and would potentially see some upward pressure coming in. Key zone to watch would be the 1170/75 region.
A break above could potentially see price hitting 1188/91 structure level. However, should the 1170/75 region holds, gold would resume it's downtrend trading lower.
I would love to hear your opinion, feel free to comment, agree or disagree.
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KY
A break above could potentially see price hitting 1188/91 structure level. However, should the 1170/75 region holds, gold would resume it's downtrend trading lower.
I would love to hear your opinion, feel free to comment, agree or disagree.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!
Have a great pipping day!
www.fxpipsology.com/
www.facebook.com/fxpipsology
Cheers,
KY
