Traders are buying GOLD since it's considered the safer currency due to the pandemic causing tons of instability in the markets. This explains the bull run it's doing. Currently, we're looking at a lower high with tech analysis. I would prefer another drop in the market back to the monthly level of 1537.30 zones before making a run back up.
I honestly don't have very much faith in the US market at the moment. It's stronger with some currencies. But I doubt it can overpower this one. but you know me. I don't marry a direction anyway. So here are the TPs I'm going for regardless of what the market does.
BULL TPs:
• 1625.20
• 1644.64
• 1660.80
• 1683.62
BEAR TPs:
• 1606.41
• 1599.92
• 1579.68
• 1565.69
If it can pass the daily SR zone…
• 1550.97
• 1538.72
I honestly don't have very much faith in the US market at the moment. It's stronger with some currencies. But I doubt it can overpower this one. but you know me. I don't marry a direction anyway. So here are the TPs I'm going for regardless of what the market does.
BULL TPs:
• 1625.20
• 1644.64
• 1660.80
• 1683.62
BEAR TPs:
• 1606.41
• 1599.92
• 1579.68
• 1565.69
If it can pass the daily SR zone…
• 1550.97
• 1538.72
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.
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.