This is my take on Gold, after an initial drop in price, buyers have regained control and are aiming for ATH. I believe that if price returns to the 2950 level, Gold can break this level and aim for the 3020 price level.
However, buyers should be patient and wait for price to retest the 2890 - 2900 level and observe; if buyers were able to defend this level, traders can consider a buy trade aiming for 3020 price level.
I hope this woks out. Good luck traders!!
However, buyers should be patient and wait for price to retest the 2890 - 2900 level and observe; if buyers were able to defend this level, traders can consider a buy trade aiming for 3020 price level.
I hope this woks out. Good luck traders!!
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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.