although gold has been making long term highs for the past three months, the 1701 level has played a key role for sellers. This 1701 level has played a key role for the sellers unless buyers decide to breakout and head higher.
this could be as a result of the serious depreciation of the US Dollars in this Corona virus period. all i am expecting this period is for price to get to the 1701 level, any actions to go short will see my TP at 1650,if there is a bullish breakout and retest, i would take profit at 1790. SHARE YOUR VIEWS, MORE ANALYSIS COMING SOON
this could be as a result of the serious depreciation of the US Dollars in this Corona virus period. all i am expecting this period is for price to get to the 1701 level, any actions to go short will see my TP at 1650,if there is a bullish breakout and retest, i would take profit at 1790. SHARE YOUR VIEWS, MORE ANALYSIS COMING SOON