The price perfectly fulfills my last idea. It hit the target. Gold has reached an important resistance zone. This is a lot of selling pressure above.I think the zone is between 2092 and 2100 strong resistance that could trigger a bearish move.
However, we have little chance of moving higher in case the market pulls back. I expect a retest of the daily low and a new extension. A complex rollback to the support level of 2070 is possible. All other things being equal, I am waiting for a breakout and retest.
My goal is the resistance zone around 2092.
However, we have little chance of moving higher in case the market pulls back. I expect a retest of the daily low and a new extension. A complex rollback to the support level of 2070 is possible. All other things being equal, I am waiting for a breakout and retest.
My goal is the resistance zone around 2092.
Penafian
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