GOLD Might Start a Move Down
February 22, 2022
1 min read
Dear traders,
GOLD is still bullish but it’s facing resistance.
GOLD has bounced due to risk off as the Russia-Ukraine crisis continues. The prevalent trend was bearish that has turned into a crisis induced bullish trend. At this moment the market looks like it could drop from the zone targeting W L3, M H5 and W L4. If the price continues lower expect it to possibly reach point 4 in the charts.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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