If you checked my previous ideas I have been following this closely and was breakthrough 1889-1890 resistance. Now 1902 is the next target inbound to 1918 zone. Make sure to switch between all time frames for more stronger zones, 1H-4H and Daily, Overall Gold is Bullish.
If the Fundamentals allow it, there wont be any retracement unless the good news: Covid-19 cases decreasing or vaccine, Dollar gains strength. That will cause a bearish breakout and we can test strong support 1883 again or further down.
There will be important fundamentals next week so monitor that closely for an opportunity to catch a decent retracement Opportunity
Meanwhile 1890 has shown decent support the confluence zones with: Fib,support and resistance, candlesticks.
Lets see where gold takes us this next week, 1920 is definitely soon. If there is a retracement or any more bad news as the Feds worldwide continue to Print Money this will continue to boost a bullish move.
The headlines concerning China and USA are important to follow
If the Fundamentals allow it, there wont be any retracement unless the good news: Covid-19 cases decreasing or vaccine, Dollar gains strength. That will cause a bearish breakout and we can test strong support 1883 again or further down.
There will be important fundamentals next week so monitor that closely for an opportunity to catch a decent retracement Opportunity
Meanwhile 1890 has shown decent support the confluence zones with: Fib,support and resistance, candlesticks.
Lets see where gold takes us this next week, 1920 is definitely soon. If there is a retracement or any more bad news as the Feds worldwide continue to Print Money this will continue to boost a bullish move.
The headlines concerning China and USA are important to follow
Trade closed: target reached