GOLD: Pullback in short term?
Hi Traders!
From a technical point of view, Gold is approaching an interesting resistance area on intraday chart, if Gold wants to trigger a pullback with ABC Pattern for example, it should start doing so from this area, let's see how the last weekly session will continue. That said, the trend is bullish on the 1H chart, but if weakness appears, it might be interesting to follow the swing.
Thanks for watching!
From a technical point of view, Gold is approaching an interesting resistance area on intraday chart, if Gold wants to trigger a pullback with ABC Pattern for example, it should start doing so from this area, let's see how the last weekly session will continue. That said, the trend is bullish on the 1H chart, but if weakness appears, it might be interesting to follow the swing.
Thanks for watching!
Trade closed: target reached
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Related publications
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.