Gold prices are approaching support, potential bounce
We maintain our bullish outlook on gold, prices are facing bullish pressure from our first support and intermediate support line, which also coincides with our graphical support area and fibonacci confluence levels where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
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.