Gold has once again entered a period of sideways trading at a high level. After the bearish forces of gold made a downward probe on Friday, the price continued to rebound from the bottom. Evidently, the bullish forces of gold still have the upper hand. Last weekend, the US military launched airstrikes in Yemen, and the crisis in the Middle East is escalating,Market panic will rise further.
Currently, gold is building momentum at a high level, and there has been no significant adjustment. Therefore, the bullish sentiment still dominates the gold market. It is advisable to go long on gold when there is a pullback.
Trading Strategy:
buy@2970-2975 SL:2960 TP:3005
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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.