Forexmaestro121

Gold fabricate Buying Pressure

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold is on killing spree towards sell since January 8 as almost 5 attempts t0 break $2038 - $2042 cluster on resistances AS now we have 2 options for todays session.
1- if the $2042 break properly then next targets will be $2052,$2060.
2- if again it retraced back as clearly in D1 timeframe next bearish cycle remains valid and our targets will be $1982 for medium term targets.
our targets $2020
$2010
$2000

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.