GOLD is Bullish but Watch the Small Intraday Bearish Pattern

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GOLD is bullish but it is at resistance and can make a retracement.

If we see the break below 1866 then GOLD is going to retrace further. We should see a move down then up and go long the dip. A possible sell is coming first  however, at the break below 1866 and we should look to possibly buy the dip around 1847-50 which is the POC zone. For longs the target is 1882.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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