Gold Bulls
After such a big push in London open, it makes sense for gold to pull back towards either the hourly trend line or towards 2900-2905 before making another push towards 2920 again. Tariff news is fueling the rise, and buyers have returned after the end of month (February) sell off.
Trade active
The idea is still active but now the watch out zone is 2890. If we manage to get a support there then we could see another upside leg to retest 2920. On the contrary, if we see price breakdown below 2890, then a retest of 2860 looks likely. please refer to the latest chart i have updated today for a deeper analysis.
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.
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.