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Mihai_Iacob
Jan 14, 2021 8:19 AM

Gold- Looks like is creating a base (I'm slightly bullish) 

GoldOANDA

Description

Yesterday I said that I'm looking to sell it, and although my target was at 1820, and it wasn't touched, I managed to close my short with a pretty decent 200 pips profit.
At this point, Gold is stuck in a range between 1830 and 1860 with no clear direction as long as these support and resistance zones are intact.
Looking at the price action though, dips seem to be bought, and that gives me a slightly bullish outlook.
That being said I will wait for confirmation for a buy trade.
On the other hand, a clear drop under 1820 could accelerate losses for the yellow metal and a dive under 1800 becomes probable at this point
Comments
ProjectSyndicate
interesting outlook. I'm actually bearish in spot metals right now. but good luck anyway!
Fisher_Fx
Thanks for sharing, let's see
mlufx
yes good chart but wht i know is that in the D1 chart it will go up..get ready to buy
Mihai_Iacob
@mlufx, as i said, i m slightly bullish, to become more bullish i need confirmation:)
Investroy
Excellent chart, supporting you👌🏻
Mihai_Iacob
@Investroyllc, thank you!
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