Long

Who is buying GOLD ?

Updated

Everything is explained in the charts. 90% retracement of the previous impulsive waves. A bounce from this level can push the GOLD prices upward into a triangular consolidation.

Note

Here is another thing to add to your confluence. A bullish BAT pattern

Note

I know AB is more than it should be, but this is just for confluence. I am not really a patterns trader since i believe patterns are stretchable the way you want them to.

Note

Daily candle did not close below that level, nor does the price action indicates downward movement so I am still Bullish on Gold.

syedhamza2135

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