Similar to OIL I also believe that GOLD will seek new high however I advise more strict risk mgt on this commodity as it’s the most traded and manipulation occurs so we may see the price being pushed down more than expected
Pullback level should take place just below the 3400 area ideally between 3397 and 3392, where buyers may start pushing the commodity up to 3517.36 and 3599.92
There is a risk of the price being pushed down to 3376.26 also a buy area for a 2:300 pips rally if the market wants to gold to remain below the 3450 level
Pullback level should take place just below the 3400 area ideally between 3397 and 3392, where buyers may start pushing the commodity up to 3517.36 and 3599.92
There is a risk of the price being pushed down to 3376.26 also a buy area for a 2:300 pips rally if the market wants to gold to remain below the 3450 level
Trade active
buy area perfectly tested
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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.