Gold Buyers are Waiting at W H3 Pivot

Dear Traders,

Gold is extremely bullish. After a couple of days of very volatile price action, at this point we can see that retracement is happening.

1695-1705 is the POC zone where buyers might be waiting. We might see a bounce off the zoe targeting 1725 as the first target. As the price progresses, next targets are 1735, 1746 and 1766 as the final target. If the price breaks below 1693, we might see a deeper retracement towards 1657.

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