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GOLD 1-2-3 Pattern Targets 1650 and Beyond

By:
Nenad Kerkez
Published: Mar 25, 2020, 08:39 UTC

Gold is very bullish. A recovery in the price of Gold was quickened by the risk-off sentiment which prevailed in the markets.

GOLD 1-2-3 Pattern Targets 1650 and Beyond

Dear Traders,

Gold is very bullish. A recovery in the price of Gold was quickened by the risk-off sentiment which prevailed in the markets.

1580-1600 zone is bullish. If the price manages to stay above 1600 watch for 1-2-3 pattern above 1641.In that case the target will be 1652. Above 1652 we should see a retest of 1700 zone. The price needs to stay above 1550 else the trend might change again. At this moment, bulls are fully in control.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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