Gold Is At Critical Support Level
Gold is bullish and after a big retracement we might see the final attempt from bulls to spike the price up.
1879-1888 is the critical support zone. Below 1869 the weekly trend will change to bearish. If we see the bounce from the POC zone watch for 1914 and 1938 as targets. However, a break below 1868 might instruct the market to remain bearish next week so we will sell on rallies. Have in mind that GOLD is volatile and big moves can happen on Friday.
(Click on image to enlarge
Disclaimer: The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Users' ratings are only visible to themselves.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
