Gold Daily analysis 16.02.2023
Gold made a new low. Presently it is accumulating between 1830 to 1840 range.
The gap between lows is decreasing. This means we can see some buying pressure in coming days once gold falls to a trigger level which i believe is near 1818-1828.
I suggest to look for buying opportunities at this level.
The support at 1800 is very strong. So we should see a reversal from here.
BUY 1826 SL 1816 TP 1854
SELL 1854 SL 1860 TP 1840
The gap between lows is decreasing. This means we can see some buying pressure in coming days once gold falls to a trigger level which i believe is near 1818-1828.
I suggest to look for buying opportunities at this level.
The support at 1800 is very strong. So we should see a reversal from here.
BUY 1826 SL 1816 TP 1854
SELL 1854 SL 1860 TP 1840
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