pips4peeps

CAN GOLD RETRACE TO $1900?

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Happy Wednesday, I hope everyone is doing well. Veteran traders will know what Wednesdays are famous for ;-) … Gold has been free falling and a retracement is bound to happen.


Personally, I expect the bounce to happen later on this week. Give the market room to breathe before the move happens, 150-200 pips seems about right.
Projecting 800 pips to the upside

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