Gold Spot / U.S. DollarUpdated Time for a pullback to 1910 in Gold?
Hello traders, in my previous Gold analysis I mentioned that
Gold will certainly reach at least 1985. Back then Gold was at 1955.
So, if you followed my idea, you definitely made 300-400 pips
when Gold reached 1997.
Currently, Gold has pulled back a little from its highs. If the zone
that I have highlighted in my chart continues to hold, then you
can expect a pullback in Gold to 1910. So, watch out for bearish
price action in the 1995 zone and sell with a target of 1910.
Gold will certainly reach at least 1985. Back then Gold was at 1955.
So, if you followed my idea, you definitely made 300-400 pips
when Gold reached 1997.
Currently, Gold has pulled back a little from its highs. If the zone
that I have highlighted in my chart continues to hold, then you
can expect a pullback in Gold to 1910. So, watch out for bearish
price action in the 1995 zone and sell with a target of 1910.
Note
Gold showing bearishness in the highlighted zoneNote
Will be looking to sell if Gold reaches 1980-1990 againNote
As expected Gold has dropped after touching 1980 today
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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.