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GOLD is Bullish but Watch the Small Intraday Bearish Pattern

By:
Nenad Kerkez
Published: May 18, 2021, 07:14 UTC

GOLD is bullish but it is at resistance and can make a retracement.

Gold

In this article:

GOLD is bullish but it is at resistance and can make a retracement.

If we see the break below 1866 then GOLD is going to retrace further. We should see a move down then up and go long the dip. A possible sell is coming first however, at the break below 1866 and we should look to possibly buy the dip around 1847-50 which is the POC zone. For longs the target is 1882.

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Cheers and safe trading,

Nenad

 

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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