Time frame - Short term
Our bias - Buy
Looks like gold has bounce off from current support at 1923.32 , however, the next test would be a $1890 to followup through with short term down trend.
We are waiting for a strong momentum breaking upward from the current down channel, we expect the price to hit 1950 and with a retracement not lower than 1910 would re-establish its uptrend to 2020.
Our bias - Buy
Looks like gold has bounce off from current support at 1923.32 , however, the next test would be a $1890 to followup through with short term down trend.
We are waiting for a strong momentum breaking upward from the current down channel, we expect the price to hit 1950 and with a retracement not lower than 1910 would re-establish its uptrend to 2020.
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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.