Gold- bulls need to reconquer 1870 zone
After Monday's violent drop, Gold managed to recover just to drop again in the previous low and important 1850-1860 zone support. As long as the price stays above this support, bulls are maintaining control but they really need the price back above 1870-1875 to regain total control.
I'm slightly bullish at this point on Gold, but, as I said, I need to see the price above the resistance for more confirmation.
A daily close under 1850 would negate this outlook and gives reason for a pause
I'm slightly bullish at this point on Gold, but, as I said, I need to see the price above the resistance for more confirmation.
A daily close under 1850 would negate this outlook and gives reason for a pause
Christmas & New Year Offer: 40% Discount- More Details: t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.