Tuesday, May 18, 2021 5:10 AM EDT
Gold is bullish but it is at resistance and can make a retracement.
If we see the break below 1866 then Gold is going to retrace further. We should see a move down then up and go long the dip. A possible sell is coming first however, at the break below 1866 and we should look to possibly buy the dip around 1847-50 which is the POC zone. For longs the target is 1882.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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