Is it time to buy GOLD?
Updated
This is the first buying opportunity on GOLD that we are looking at for the last few weeks.
Yesterday we shared the possible scenarios
Price bounced of the support and now we expect a move up to 1832.
Any entries with that same idea are still not confirmed and you shouldn't be using a lot of risk.
However the more likely scenario is an upside move and we will be looking for that next leg up.
Follow the situation on GOLD by checking up on our daily analysis here!
Support us with a follow, like and a comment as well!
Yesterday we shared the possible scenarios
Price bounced of the support and now we expect a move up to 1832.
Any entries with that same idea are still not confirmed and you shouldn't be using a lot of risk.
However the more likely scenario is an upside move and we will be looking for that next leg up.
Follow the situation on GOLD by checking up on our daily analysis here!
Support us with a follow, like and a comment as well!
Note
Gold remains with the opportunity to rise! Considering that price can't gather enough strength to rise, then we could see GOLD testing the 1805 level again before it begins the upside move.
Our idea is that if we get a re-test of that level and price leaves a wick there we could be looking for buy entries.
This could also be additional entry to an already existing position.
This setup is only valid while price is above 1795!
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