KaanErdinc

KaanErdinc

The GOLD has made a pullback on the last two days of the previous week. The weekly candle has closed below the resistance. There is a top wick on the 2039 levels. In this week, I would expect the price to move further down towards 1970s. If it breaks below that, it will move down towards 1940 levels. However, since the monthly candle is still bullish, after making...

KaanErdinc

Closing back to the 2010 levels, even if the price wants to move up for a retest, it need to grap liqudity from 2002-2004 levels. This is a quick trade idea that can play out in the short term with proper risk management.

KaanErdinc

GOLD seems to be bullish over the long-term. However, it may have a pullback towards 2035 levels before retesting 2085-2088 resistance levels. If that resistance level becomes the new support, then there is a high probability that it will create a new high and rech to 2200 levels.