Gold Makes a Breakout Above Strong Level
January 20, 2022
1 min read
Dear traders,
Gold has finally made a breakout higher. What does it mean for Gold?
A retest of 1832 is bullish for GOLD unless FED comes with a surprise next week. Market is waiting for the FED but Gold has made a move up as it has collected stops above the 1832 level. It;s bullish move but the trend is not strongly bullish yet. We should see the possible move as a part of the retest. After a retest, up to the 1850 zone.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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