Gold- Looks like is creating a base (I'm slightly bullish)
Yesterday I said that I'm looking to sell it, and although my target was at 1820, and it wasn't touched, I managed to close my short with a pretty decent 200 pips profit.
At this point, Gold is stuck in a range between 1830 and 1860 with no clear direction as long as these support and resistance zones are intact.
Looking at the price action though, dips seem to be bought, and that gives me a slightly bullish outlook.
That being said I will wait for confirmation for a buy trade.
On the other hand, a clear drop under 1820 could accelerate losses for the yellow metal and a dive under 1800 becomes probable at this point
At this point, Gold is stuck in a range between 1830 and 1860 with no clear direction as long as these support and resistance zones are intact.
Looking at the price action though, dips seem to be bought, and that gives me a slightly bullish outlook.
That being said I will wait for confirmation for a buy trade.
On the other hand, a clear drop under 1820 could accelerate losses for the yellow metal and a dive under 1800 becomes probable at this point
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
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