Gold Retracement is Coming
March 24, 2021
2 min read
Dear traders,
Gold is still bearish and we could see a move up as a part of retracement. Profit taking and new buyers are joining.
The POC in the GOLD comes at 1725 as the price is bullish. We could see a continuation towards 1740. If the 1740 is broken we will see a move up towards 1760 and above. This is where historical buyers are so we can see a potential for a move up. Have in mind that bullish move is a part of retracement in downtrend and we still can make money by trading the setup.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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