GOLD is Bullish but Watch the Small Intraday Bearish Pattern
May 18, 2021
1 min read
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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