GOLD Two POC Zones as the Price is Looking Bullish

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GOLD has made a retracement from recent highs straight into the first bounce zone.

There are the two POC zones that could spike the price up. 1885-1889 is the deeper pullback zone and we could see it holding. However, the thing is that the first POC zone 1895-98 could make a bounce. Bulls are still in control. Targets are 1903, 1914 and eventually 1923. Buying the dips is the scenario that I am going with.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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