As expected yesterday, gold did fall from 3325 and touched 3280. In 12hrly TF, it is forming a head and shoulder pattern. Most likely it will fall towards 3265.
However, considering the overall bullish trend, I am cautious in engaging selling orders and will wait for 3280 broken. Upon retesting, I will place selling orders.
But if 3280 holds, price may go up to 3325 again.
However, considering the overall bullish trend, I am cautious in engaging selling orders and will wait for 3280 broken. Upon retesting, I will place selling orders.
But if 3280 holds, price may go up to 3325 again.
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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.