Gold approaching key level for both bulls and bears, watch out!
As I predicted in my weekend analysis, Gold is continuing on it upwards
trajectory. However, it is approaching a key level where some decisive price
move can take place. So, prospective buyers and sellers need to exercise cautions now.
1815-1820 level will be the first hurdle for the bulls. If the bulls fumble at this level,
the likelihood of price dropping below 1780 is higher.
So, if we see some bearish price action at the 1815 level, I would consider selling
with 1750 as the target.
trajectory. However, it is approaching a key level where some decisive price
move can take place. So, prospective buyers and sellers need to exercise cautions now.
1815-1820 level will be the first hurdle for the bulls. If the bulls fumble at this level,
the likelihood of price dropping below 1780 is higher.
So, if we see some bearish price action at the 1815 level, I would consider selling
with 1750 as the target.
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Related publications
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.