Gold Looking to lose few points before reaching fresh high
Upon analysing the Gold in Daily timeframe, Gold have retraced 0.61% of high-to-low. now Gold is facing resistance even receving great momentum from 52 weeks low. seems like Gold will do a retrace to 1920 level before initiating another bull run.
Note: in smaller time frame (1 hour / 4 hour) chart also indicated that Harmonics point D (PRZ - Price reversal Zone) also come near the same price level.
Note: in smaller time frame (1 hour / 4 hour) chart also indicated that Harmonics point D (PRZ - Price reversal Zone) also come near the same price level.
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.