GOLD - Our Analysis Shows Probability Of A Pull Back to 1770

Even though gold is holding 1810 level and still above the critical support at 1790-1795 at the moment, our swing model may indicate that the bullish swing from 1750 could come to an end if gold does not have 2 to 3 consecutive closing days above the 200-day moving average at 1825 level. Above 1825, gold will test 1837-1845. But if gold breaks 1790-1795, gold can revisit the 1768-1772 support level.

Trade closed: target reached