Gold Retracement Is Coming

Gold is still bearish and we could see a move up as a part of retracement. Profit-taking and new buyers are joining.

The POC in the Gold comes at 1725 as the price is bullish. We could see a continuation towards 1740. If 1740 is broken we will see a move up towards 1760 and above. This is where historical buyers are so we can see a potential for a move up. Have in mind that a bullish move is a part of retracement in a downtrend and we still can make money by trading the setup.

 

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.