GOld remains bullish. Price will tap 1900's?
GOodmorning guys.
It has been a good week off trading. Made lots off profits. AFter fundamental news CPI gold fell deep toward 1868. If we look at H4 this is a good position for longs again because of H4 trendsupport. GOld managed to push a bit lower but eventually recovered during asia.
In my opinion the bulls are not done yet. 1885-1888 is resistance. So big posibility gold will rise to this level. Also 1903's has a big untested zone if you look at the daily chart. If 1885-1888 breaks with confirmation we can posible add more buys. We need to follow priceaction at that zone. if gold tells us to sell at 1885-1888 we sell guys.
Support: 1875, 1855, 1830
Resistance: 1885, 1888, 1903
It has been a good week off trading. Made lots off profits. AFter fundamental news CPI gold fell deep toward 1868. If we look at H4 this is a good position for longs again because of H4 trendsupport. GOld managed to push a bit lower but eventually recovered during asia.
In my opinion the bulls are not done yet. 1885-1888 is resistance. So big posibility gold will rise to this level. Also 1903's has a big untested zone if you look at the daily chart. If 1885-1888 breaks with confirmation we can posible add more buys. We need to follow priceaction at that zone. if gold tells us to sell at 1885-1888 we sell guys.
Support: 1875, 1855, 1830
Resistance: 1885, 1888, 1903
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