Gold has been lacking the bullish momentum needed to bounce off the daily support zone between 1787 & 1769. Minor resistances are being respected, indicating prices could go lower, and potentially break the daily zone of support.
Trade closed: target reached
Trade closed at 1771. A retracement was expected at the level.
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.