Yesterday, Gold followed scenario two, breaking below 2919 and retesting 2900 before rebounding. Despite a 170-pip attempt above 2929 today, a lack of fundamental drivers prevented continuation, leading to another pullback. Bias remains bullish, with buys above 2919 and 2929, while the safest entries remain above 2940. If price struggles at 2919, we could see a deeper pullback to 2900 or even 2888 before resuming bullish momentum. With no major news today, staying adaptive is key.
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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.