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Gold Bulls Proceed with Utter Domination

Gold is very bullish as usual and the market continues to dominate global trend in 2020. We see a continuation of bullish move after a retracement.
Nenad Kerkez

Dear Trader,

Gold is very bullish as usual and the market continues to dominate global trend in 2020. We see a continuation of bullish move after a retracement.

1623-24 is the W L3 support. Gold is bouncing from the zone. We should see 1650 and 1664. Above 1662 we might see 1682 again. Have in mind that the ATR projected high is 1664 so the market might make a retracement in the zone. However, buying the dips is still the valid option even if the Gold drops to 1615 zone. My pending order is set there.

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

 

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