Bullish candle in weekly chart but be careful
We can see a bullish reversal candlestick on the weekly chart in Gold.
But, we need to exercise caution before buying as US dollar is still catching bids.
That being said, if there is a pullback in Gold towards 1765 level, it may be worth
buying with small lots to start. A stop loss below 1750 and initial target at 1820 may be
a possible buy signal for Gold this week.
But, we need to exercise caution before buying as US dollar is still catching bids.
That being said, if there is a pullback in Gold towards 1765 level, it may be worth
buying with small lots to start. A stop loss below 1750 and initial target at 1820 may be
a possible buy signal for Gold this week.
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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.