we can see that gold had alot of upwicks from last week due to the immense volatility brought into the market cause of further war tensions, bringing market fear.
considering the month of feb has now ended with a bullish upside and the continuing of the market being in fear mode due the war, we can look for long positions on gold targeting the wick fills and potentially further up to the next zone.
however, we need to keep in mind that if market fear is taken off the table we can expect gold to drop further down.
considering the month of feb has now ended with a bullish upside and the continuing of the market being in fear mode due the war, we can look for long positions on gold targeting the wick fills and potentially further up to the next zone.
however, we need to keep in mind that if market fear is taken off the table we can expect gold to drop further down.
Trade closed: target reached