14th February Gold Outlook: Pull Back to $1873 and Drop to $1842
As markets await US CPI data, Gold continues to trade sideways with casual pull back towards $1868 resistance zone which may extend to $1873
As long as resistance zone $1868 and $1873 is not breached, we will maintain our bearish outlook for Gold which targets decline to support levels of $1847 - $1840 and $1830
A sustained break above resistance zone $1868 followed by $1873 will prompt a quick retest of critical barrier $1878 which is acceleration point for further up move.
As long as resistance zone $1868 and $1873 is not breached, we will maintain our bearish outlook for Gold which targets decline to support levels of $1847 - $1840 and $1830
A sustained break above resistance zone $1868 followed by $1873 will prompt a quick retest of critical barrier $1878 which is acceleration point for further up move.
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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.