Long
Gold short term upward momentum
Price has moved up from short term support at 1785. So long as this area remains, we will expect the price to go to 1798.xx .
We see that the next resistance at 1811 and this do not break strongly on the day chart. The overall price of gold will continue to stay weak and downward bias. We will expect the price to drop back to 1785.
We see that the next resistance at 1811 and this do not break strongly on the day chart. The overall price of gold will continue to stay weak and downward bias. We will expect the price to drop back to 1785.
Trade closed: target reached
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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.