GOLD has reached $1900 in this quarter but failed to reach $1950 and now heading down after price rejection--
Looking at the Daily chart we can see Gold is heading down to the supply zone at $1700 which is now a good price to Buy--
There is strong Confluence and there is a horizontal triangle with the trend line syncing towards the buy zone signalling a Trend Reversal--
Im very bullish that this is a Trend Reversal and Gold is going to go higher in 2021 Testing important Demand at $1950 before testing $2050 Although it will likely bounce between $1700-$1800 before its reading for ATH Growth.
Entry $1700
TP1 $1950
TP2 $2050
SL$1676
Disclaimer:*Not a financial adviser. Please inform your investment decisions off of your own anaylsis.
Thanks
Marlene.
Looking at the Daily chart we can see Gold is heading down to the supply zone at $1700 which is now a good price to Buy--
There is strong Confluence and there is a horizontal triangle with the trend line syncing towards the buy zone signalling a Trend Reversal--
Im very bullish that this is a Trend Reversal and Gold is going to go higher in 2021 Testing important Demand at $1950 before testing $2050 Although it will likely bounce between $1700-$1800 before its reading for ATH Growth.
Entry $1700
TP1 $1950
TP2 $2050
SL$1676
Disclaimer:*Not a financial adviser. Please inform your investment decisions off of your own anaylsis.
Thanks
Marlene.