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Maxpips
Mar 7, 2021 10:04 PM

Gold almost ready for some nice pullback Long

GoldOANDA

Description

Gold close to finding monthly and weekly support levels around 1672. Expecting some resistance around 1714-1720 and a bounce around 1672.

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Maxpips

Trade closed: target reached

Comments
omriey
Hey

thx alot for the analysis

It was brilliant how you got it exactly and it got to 1714 backed down to 1676 and now up again a few days ago.

my question is do you still think it will go down start of next week before coming back up? or are you planning to make a new analysis? meanwhile you are the best from everyone here i follow (even though it for a short while). also helped me with the bonds which you may mistaken by a few basis but the theory held nicely so far.
Maxpips
@omriey, thanks bro. Will have a closer look this weekend when i make my weekly forecast, but for now looking at something like this.

However a daily close above 1714 might push the price up first tomorrow.
omriey
@Maxpips, thanks man. much appreciated!
ForecastCity_World
Brilliant :) 👍
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