Gold FuturesLong
Gold Futures - Pullback Completed ?
- After having a good run in 2019, seems like Gold's momentum is continuing in 2020
- Iran and US tension had cause Gold price to spike but quickly came back down
But is it really OVER !?
From technical analysis point of view:-
- Gold is having a healthy pullback apart from the spike during the start of the week
- 0.618 Fib level should be a good support area
- Expect price to bounce around 5 & 13 EMA
Build your first entry around 1550 area
*Personally, I am still bullish on OIL and GOLD
- Iran and US tension had cause Gold price to spike but quickly came back down
But is it really OVER !?
From technical analysis point of view:-
- Gold is having a healthy pullback apart from the spike during the start of the week
- 0.618 Fib level should be a good support area
- Expect price to bounce around 5 & 13 EMA
Build your first entry around 1550 area
*Personally, I am still bullish on OIL and GOLD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.