Gold has reached a previous point of liquidity and we could now see a drop back down to 1820-25. Closing a 1 hour candle about 1834 will see a rise, any lower and we will see a fall
Gold is once again retesting 1812-1816 Will it break ? Hitting 1810 and closing a 1 hour candle will see a further drop to 1798 Closing abovw will see a small rise to 1820-25
The positive news for gold today saw a big but unsustainable fall, it is now looking to bounce back and giving in the short term!
Gold is still not passing 1815 and holding, after hitting 1813 it has bounced back up, suggesting a pullback to 1820-1825
Gold is currently holding around the 1901-1898 support level A breakout will either see gold rest the 1907-1910 range or if the downtrend continues it will see 1895 and then 1885 Remember, executing a trade is easy, the analysis is the difficult part!
Current market is struggling to get to previous highs of 1928 and beyond, with a strengthening USD i expect a further fall short term. Sell below 1929 TP:1917 SL:1932.8
Curremtky testing a major support level and is showing signs of rejection, Long expected ENTRY: 2.093 TP: 2.09947 SL: 2.0923
Gold has been overbought and is making a retrace below 1930... Looking to drop below 1923 ENTRY: 1931 SL: 1934 TP: 1923