GOLD Expected Breakout To the Upside

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

Currently the GOLD market is ranging. However, we could expect a bullish breakout if a trendline doesn’t hold.

The 1800 zone has been protected by the buyers. At this point it is the POC zone. 1808 is the level where we could expect a bullish breakout if the trend line doesn’t hold. Watch for it as the price is close to the ascending point. Targets are 1812 and 1818.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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