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FUNTRADER-Vera
Jul 19, 2022 7:56 AM

1907 GOLD new chance to go back to the high on CPI day Long

Gold / U.S. DollarFOREX.com

Description

Hello traders,

GOLD is making a double retest of the bottom where happen to be aboved 1700.

Breaking 1700 is not what we concerned today.
A bullish signal on 4h chart is possible for gold to make a turn for a correction back to 1744-1748 where is the high that last CPI day hit once.

This is a good order with RR=4.

GOOD LUCK!!!
LESS IS MORE!
Comments
Mihai_Iacob
I have a different opinion for Gold and expect a drop and test of 1680 support, but you could be right and a rise to 1740 resistance is not out of the question.
Thanks for sharing
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