Gold has been very erratic lately!
I have outlined the levels I am watching closely for potential entries, 1700 is one I think we could retest before a big move to the upside.
The overall trend is still bullish but the bears have been fighting back, waiting for confirmation before entering.
I believe the bulls will be in control at the start of the week, and possibly see the bears take back control Mid-week.
Please refer to my ENTRY/ TP.
I am still a beginner - this is my own analysis. Do yours too, if it makes sense then enter.
I have been focusing on Silver and Gold in 2020.
I expect that both will reach new highs.
Monday 6th will be a good day for trading, I am expecting volatility and an overall uptrend.
I will be keeping an eye on news updated rgd US/Iran
For this period i will be entering on the 15min chart.
I have been looking at this pair for a couple of weeks and believe the market is about to be taken over by the bears.
I am still new to trading so have set 2 TP based on fib and previous strong support and resistance areas.
Any feedback is appreciated!