Nenad Kerkez Blog | Gold Might Start A Move Down. | TalkMarkets
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Nenad Kerkez, also going by the stage name “tarantula”, is a multiple award winning co-founder of Elite CurrenSea. A savvy market analysis, an author of multiple trading methods and education courses, Nenad is a regular contributor to Forex Factory, FXStreet, FXEmpire, Investing.com, ...more

Gold Might Start A Move Down.

Date: Tuesday, February 22, 2022 8:39 AM EDT

Gold is still bullish but it’s facing resistance.

Gold has bounced due to risk-off as the Russia-Ukraine crisis continues. The prevalent trend was bearish that has turned into a crisis-induced bullish trend. At this moment the market looks like it could drop from the zone targeting W L3, M H5, and W L4. If the price continues lower expect it to possibly reach point 4 in the charts.

(Click on image to enlarge)

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