Wait and see! Let Monday unfold. Price is in the middle of a range, which is not the place to enter a trade. Wait until the market tips its hand, and then take valid setups. Compare the cfd Gold with Gold Futures. Link is below. May profits be upon you.
gold is still down trend continue ,, .. target level 1609.6
Gold is clearly doing a channel down to get rid of the unhealthy belly it has accumulated during the past few years (especially during the lockdown). Do not expect a reversal soon. There are no indicators of a price reversal yet. Instead of battling the Bear, ride the channel down. Buy when it touches lower bound and sell when the price bounces back. Do not hold...
Gold was at its highest in Aug 2020 and started a downward channel. Gold did two retests at $1960 and failed. Price fell up to $1676 until it finds a strong support level. For the first time in 7 months, Gold shows us a double bottom pattern in the daily chart. The price did not close below the bullish support line coming from 2019-2020. If bullish support...
GOLD is in a very crucial zone. this precious metal is now testing previous support as a resistance. Watch price action for sell!
Like my idea if you agree with me or other reasons... It is based on my strategy that shows it is going to up because of Resistance and Support levels with chart pattern and indicator analysis which are EMA and Bollinger Bands.
There is great chance of pullback to 1900 highs. 4h graph.