Gold is now at the first resistance zone above 2K price. The monthly candle will be closed in 3 more days. If this closed with bullish engulfing this might bring gold go up higher. But we do expect some a good pullback to 194x zone area that possible acting as support as a buy zone.
Historically after making new all time high gold will make some nice pullback, there are still room to go up but we dont think it wont be very much. 2100ish is still possible. But clearly bulls need some gas to pump some more on daily scale.
Overall the trend become bullish due to some fundamental reasons. But Something that too much are not good. Too bullish is not good, too bearish also not good. So we can take opportunity to scalp. Always remember bulls and bears can male money pigs get slaughtered. Manage your greed and fear.
Huge drop by bears without pullback yet.
We are expecting some pullback
Both setup with tight SL. If the first hit SL we will try the next one. With reason oversold in H1&H4
Hope we can see some healthy retracement to keep the price healthy
Gold pullback scenario! D1
Possible big pullback to 1800ish after hitting the moon?
Technically possible but currently fundamentals are the big role players with all the world economic and financial issues might push gold price even higher.
In our chart we are expecting a big discount before it will go to the next destination planet! Our sell zone is at...
Are bull too optimistic?
Well, bull are always have good optimism sometimes over optimistic. They are aiming moon! This chart is for the bull's moon scenario only
We are not bull nor bear we just trade what we see. As you can see on our other charts we did buy and sell we trade what we see