Possibility of a pullback in Gold to 1910
Hello trades, the area around 1990 is turning out to be a hurdle
for the Gold bulls. If this area contiues to be a tough hurdle to break,
we can expect a pullback in Gold.
The target for the pullback would be around the 1910 level.
This is a low-risk set-up because the potential profit would be at least
7 times than the potential loss.
for the Gold bulls. If this area contiues to be a tough hurdle to break,
we can expect a pullback in Gold.
The target for the pullback would be around the 1910 level.
This is a low-risk set-up because the potential profit would be at least
7 times than the potential loss.
Comment:
Gold is still in the zone, a strong bearish impulse below the zone will accelerate the fall
Comment:
Price has moved down below 1980 zone
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