Gold finally back to ATH POI area.
We can expect strong rejections here as this is where gold previously push downward strongly .
However it don’t seem to happen anytime soon as the moment it touches 2940 last nite.
There wasn’t any rejection power.
So we can expect gold to make a climb slightly further and until a nice compression or an immediate rejection then only can we look for sell.
At the moment the bias is a buy and the best buy position close is 2922-2918 where the recent Fresh Breakout area of H4.
Buy gold don’t sell until its showing a sign. A new ATH is very feasible
We can expect strong rejections here as this is where gold previously push downward strongly .
However it don’t seem to happen anytime soon as the moment it touches 2940 last nite.
There wasn’t any rejection power.
So we can expect gold to make a climb slightly further and until a nice compression or an immediate rejection then only can we look for sell.
At the moment the bias is a buy and the best buy position close is 2922-2918 where the recent Fresh Breakout area of H4.
Buy gold don’t sell until its showing a sign. A new ATH is very feasible
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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.