We saw Gold aggressively shoot up near market closure on Friday evening with huge bullish momentum indicating buyers are coming back into the markets. However, at the current moment Gold is really overbought and has choppy price action. I will wait for a retracement back towards my POI then analyse price action to see if buyers are about to come in again.
This here is my alternative analysis. I am still short on Gold overall.
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This here is my alternative analysis. I am still short on Gold overall.
All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know what you think!