Gold is Getting Ready for More Upside
July 8, 2020
2 min read
Dear Traders,
Gold is in a strong uptrend which has been going quite well for bulls. Buying the dips is the option if the price retraces to POC zones.
Gold is challenging 1800. If we see a drop to 1770 or 1752 zone, new buyers should emerge and bring the price up again. We can spot a steady zigzag pattern which marks the strong and continuous uptrend. Besides the W L3 camarilla pivot which is supportive for Gold, additional confluence is made by Bollinger bands and 89 EMA within the first POC. The target is M H3 pivot 1812.
The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
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