GOLD Continues with the Move Up But Sellers are Higher

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GOLD is in uptrend but we need to watch for possible sellers at the top.

1832 is the breakout point higher. If the market structure holds, we could see a retest of 1832 and markets could proceed further up after a retest. However, at the top we can spot a clear selling zone as sellers are waiting higher. 1902-1916 is the place where selling could happen. Watch these 2 zones and trade accordingly.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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