Hello friends, in my previous analysis, I marked the 1720-1760 area in my chart with an ellipse and indicated it as a potential sell zone.
As you have noticed, Gold was rejected near the previous high once again.
So, it may pullback to the 1650 level or even below 1600.
In my opinion, Gold may go as high as 2000 but for that to happen, it needs to pull back and find some buyers below.
At this point, I advise traders to trade Gold with caution or at least keep your position sizes small.
As you have noticed, Gold was rejected near the previous high once again.
So, it may pullback to the 1650 level or even below 1600.
In my opinion, Gold may go as high as 2000 but for that to happen, it needs to pull back and find some buyers below.
At this point, I advise traders to trade Gold with caution or at least keep your position sizes small.
