Gold was trending bearish. Price broke the 1900 Level and went down to 1893 where bulls came into action and price bounced back. If we see the price structure. The price has made head and shoulder structure on 1 H chart.
Now sentiment is neutral overall. But i am seeing bullish reversal for short term and test of 1940-1945 with in next week. If price manages to cross the 1950, we may see 1980 level.
For the time being i am cautious and carefully watching the developments. For the time being i will seek long entries from support aiming 1940-45 retracement.
Now sentiment is neutral overall. But i am seeing bullish reversal for short term and test of 1940-1945 with in next week. If price manages to cross the 1950, we may see 1980 level.
For the time being i am cautious and carefully watching the developments. For the time being i will seek long entries from support aiming 1940-45 retracement.