GOLD - Our Analysis Shows Probability Of A Pull Back to 1770
Updated
Even though gold is holding 1810 level and still above the critical support at 1790-1795 at the moment, our swing model may indicate that the bullish swing from 1750 could come to an end if gold does not have 2 to 3 consecutive closing days above the 200-day moving average at 1825 level. Above 1825, gold will test 1837-1845. But if gold breaks 1790-1795, gold can revisit the 1768-1772 support level.
Trade closed: target reached
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.