Gold complete analysis
Updated
Good day everyone.
Gold is currently in 4H demand zone from where previously price exploded to the upside more than $100.
Now we are contacting to the demand zone & already started to see the reaction.
As we are heading to the seasonal bullish cycle of gold, if this demand zone holds we will see the explosive move to the upside taking gold up to $1800 dollar mark by end of the year.
In case, the demand zone failed to hold, then price will continue to fall and next stop will be around $1570.
Today, we will monitor the price on intraday timeframe and if we will get the confirmation, we will go for buy ,stop loss below1614. If price continue to fall, we are not interested in shorting and wait for another opportunity.
Comment below your views on gold.
Follow us for more forecast.
Thank you!
Trade Hub Japan
Gold is currently in 4H demand zone from where previously price exploded to the upside more than $100.
Now we are contacting to the demand zone & already started to see the reaction.
As we are heading to the seasonal bullish cycle of gold, if this demand zone holds we will see the explosive move to the upside taking gold up to $1800 dollar mark by end of the year.
In case, the demand zone failed to hold, then price will continue to fall and next stop will be around $1570.
Today, we will monitor the price on intraday timeframe and if we will get the confirmation, we will go for buy ,stop loss below1614. If price continue to fall, we are not interested in shorting and wait for another opportunity.
Comment below your views on gold.
Follow us for more forecast.
Thank you!
Trade Hub Japan
Trade active
We got our entry perfectly from the 1618 and stop loss at break even.Trade active
Hope those who followed this post,got into the move to the upside more than $20. Have a nice weekend.
Follow us for more forecast in our sites.
Thank you!
Trade Hub Japan
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