PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Due to the last week analysis gold experienced the heavy rise in the history ever into a new demanding and causing the buying controlling the markets price and due to the new zone reached this week the market open on the higher price than the closing price previously

Due to this we are expecting the pull back of the gold to reach the last week price because now the buyers are starting to buy the gold due to the price dropping of the last week economic world events.

once a new bullish candle opens on 2371.87 we are expecting the buyers taking the full charge of the market and we will exit in the new zone of 2400.00
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.