GOLD
X marks the Spot.
For a Bearish Price Action,
We hit a Supply Zone on the Weekly and price reverses. Look to SELL rallies with stops at 1300. We continue lower. Long-term Target at 1237
For a Bullish Price Action,
If bulls reclaim 1300, I'll flip my bias to bullish and look to BUY pullbacks with Targets at 1350 & 1365.
I remain Bearish on this metal.
For a Bearish Price Action,
We hit a Supply Zone on the Weekly and price reverses. Look to SELL rallies with stops at 1300. We continue lower. Long-term Target at 1237
For a Bullish Price Action,
If bulls reclaim 1300, I'll flip my bias to bullish and look to BUY pullbacks with Targets at 1350 & 1365.
I remain Bearish on this metal.
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.