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Aug 16, 2021 9:26 AM

GOLD - Might Need A Little Pullback Short

GOLD / U.S. DOLLARICE

Description

Gold has structure retest and hits the resistance zone around 1780-1795. It might need a little pullback here.
On the 4-hour chart gold has a little inverted hammer candle at the top. Plus the fibo retracement 62.5 is at 1776.
Thus, gold could retrace back to the previous structure and support 1750-1760.

Comment

Gold could hit 1790-1795 before any meaningful pullback happens.
Comments
NaeemKhan9ffb4e49f2594770
Graet
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