Gold Bulls are Still Reigning

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

Gold is bullish and after a big retracement they are ready to continue with the trend.

1893-1900 is the zone where the bounces should happen. Continuation of the trade happens if the price breaks 1934.85. However if the 1885 is lost we should see a move down to 1869 and Gold will start to be bearish then. At this point, safe haven flights still go into GOLD and buying the dips is the option.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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