Gold remains bullish
Last week was a crazy one for Gold traders, with the price starting the week at 1890, reaching a high of almost 1000 pips higher and strongly reversing at the end.
This price development leaves a long-tailed weekly Pin Bar on our chart and, despite this, I m bullish Gold for the upcoming sessions.
On a shorter time frame (h4 posted chart) we can see that 1880-1890 is very strong confluence support and as long as this level is intact there is a high chance for further gains.
In conclusion, dips should be bought and bulls can target 1950-1960 resistance zone.
Best Regards!
Mihai Iacob
This price development leaves a long-tailed weekly Pin Bar on our chart and, despite this, I m bullish Gold for the upcoming sessions.
On a shorter time frame (h4 posted chart) we can see that 1880-1890 is very strong confluence support and as long as this level is intact there is a high chance for further gains.
In conclusion, dips should be bought and bulls can target 1950-1960 resistance zone.
Best Regards!
Mihai Iacob
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.