Outlook for Gold
Updated
Bias is bullish. Looking for pullbacks to the trend line or the 1241 zone and then rejection off there would give me confirmation that we go higher
Alternatively if we do pullback and break and retest the trend line look for a pullback to 1235
Overall my bias is bullish. Stock market looks to be doing badly and hopefully people star buying gold finally.
End of week target 1260
Alternatively if we do pullback and break and retest the trend line look for a pullback to 1235
Overall my bias is bullish. Stock market looks to be doing badly and hopefully people star buying gold finally.
End of week target 1260
Note
Doji rejection of 1241... went for 80 + pips.. happened while I was asleep so couldnt get in the trade but analysis was on pointNote
1241-1242 provided 3 buy opportunities this week.
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