GOLD Bounce off the D L3 Camarilla

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

Gold has bounced off the D L3 zone after a pullback a few days earlier. The lack of US markets momentum today might bring the GOLD up.

Strong bullish pressure along with the bullish marubozu candle, mark the continuation of GOLD uptrend. We should see 1781 as the first level. If the price makes a close above we will probably see D H4/ATR high hit which is 1789. If the price proceeds above the TR high then the next level is D H5 resistance 1797. Buying the dip should be the option for GOLD traders as long as the price is held above 1752.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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