GOLD Makes it to the Important Support

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Gold has been sold as I expected it. Now it’s either a breakout lower or a bounce.

It is best to watch the price action to determine the move. It can be a bullish bounce or a break below the support. If the market stays above 1755 we should see a move towards 1784. If it breaks 1755 we should see 1739.

Both options are valid as long as the price action supports it.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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