Gold seems to be trading with slightly bullish bias following yesterday's rebound from 
1969 low and todays trading shows attempt to test 
2006 resistance zone.
We take a view that the metal can start decline again from2006 supply zone and retest 1969 swing low followed by extra weakness leading to 
1955 Fibonacci zone.
On the flip side, sustained break above2006 can prompt a further upmove towards 
2015 and 
2023 which is acceleration point to further leg higher 
2048 swing high.
1969 low and todays trading shows attempt to test 2006 resistance zone.We take a view that the metal can start decline again from
2006 supply zone and retest 1969 swing low followed by extra weakness leading to 1955 Fibonacci zone.On the flip side, sustained break above
2006 can prompt a further upmove towards 2015 and 2023 which is acceleration point to further leg higher 2048 swing high.
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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.
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.