Advertisement
Advertisement

GOLD Extremely Bullish Pushing Towards 1611 Retest

By:
Nenad Kerkez
Published: Jan 27, 2020, 08:48 UTC

Dear Traders, So far in 2020, the GOLD has been the best market to trade. Buy the dip has been the best possible scenario. We still have that scenario playing out.

GOLD Extremely Bullish Pushing Towards 1611 Retest

1560  zone is a possible bounce spot. If the market makes a retracement to 1560 zone watch for a possible renewed bullish pressure. The first target is 1586- W H4 camarilla pivot. A 4h close above and we should see 1594-1600. Any breakout above 1600 implies a 1611 retest. If the market drops below 1560, watch for 1554 zone for a possible bounce.

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.

Did you find this article useful?

Advertisement