Larissa-Trader

Gold Bullish: Await Retracement for Confirmation

Larissa-Trader Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
The current high in gold isn't yet confirmed as a major high, necessitating a retracement for confirmation. There's a possibility of a pullback to retest the level around 2195, providing confirmation for a bullish trend before considering buying. If the price fails to respond to this retest level, it may drop to the major H4 level at 2170 before confirming a buy signal. Wishing you good luck for this week's trading.
Comment:
Gold may retest to the 2216- 2205 area.
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