Gold bulls pause witnessed around suggested resistance 2953/2958
Gold bulls paused its bullish movement last week exactly by testing 2953 with high 2954.xx and during current week 2956.xx
We are now considering 2966/2967 is tough weekly resistance, gold bulls need to sustain above said level to target 3000/3022 else we may see a deep correction towards 2859/2791
Don't say it's impossible, everything is possible in trading and investing world :-)
We are now considering 2966/2967 is tough weekly resistance, gold bulls need to sustain above said level to target 3000/3022 else we may see a deep correction towards 2859/2791
Don't say it's impossible, everything is possible in trading and investing world :-)
Trade active
Gold fell 1200 pips from suggested levels 2953 - 2958....1st bearish target 2859 is already done too :-)
Note
Bearish divergence on LT charts is developing 
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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.