CFDs on Gold (US$ / OZ)

GOLD may retest 1775 if current support is broken

By aravindleo_99

Updated

GOLD may retest 1775 if current support is broken

Note

Gold is near to support zone 2 and crossing 1790 - 1780 is going to be tough as lot of buying comes in to absorb the supply and once the supply is absorbed it may fly high. But before that it may consolidate between 1760 - 1800

Note

Its making lower lows and the down trend is in tact till now.

Note

Price has reached the expected price level of 1775. Need to see the price action in this area. Hope accumulation starts and goes up eventually

Note

Still in the accumulation zone and will move up once the accumulation is done

@aravindleo_99

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