Hi traders,
Gold has been trading within range for a few months. there is strong resistance in1540.XX area and the prices are making lower highs since it hit the highest of the year in September. We may see the gold re-testing 1500.xx area before it hits the demand zone @ 1450.xx. We have two long and short scenarios form there.
1460 is a pivot price to watch.
Gold has been trading within range for a few months. there is strong resistance in1540.XX area and the prices are making lower highs since it hit the highest of the year in September. We may see the gold re-testing 1500.xx area before it hits the demand zone @ 1450.xx. We have two long and short scenarios form there.
1460 is a pivot price to watch.
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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.