GOLD needs a retracement after weeks and months of strong upside. For today and tomorrow, it might reach strong support zone around 1506. Depending on velocity reaching this zone it might either bounce of or stay in the channel of 1506-1525. Overall sentiment is still bullish. Look for opportunities to increase your long positions.
Please use this only for education, not as trading advice!
Any comment is much appreciated
Please use this only for education, not as trading advice!
Any comment is much appreciated
Comment:
OK, this pushed much much lower than anticipated. Move to 1506 is still in the books.