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GOLD is Bullish Looking for a Retest of 1845 zone

By:
Nenad Kerkez
Published: May 10, 2021, 07:52 UTC

Gold has turned bullish last week and I expect continuation towards higher levels in the week ahead.

Gold

In this article:

Gold has turned bullish last week and I expect continuation towards higher levels in the week ahead.

We can spot double trend line confluence and the price consolidating in the zone before a breakout to the upside. We should see a move to the upside off 1830-33 zone.Targets are 1840, 1845, 1852 and 1864. We see a bullish zigzag in the 15 min time frame so intraday traders might be looking for buying opportunities.

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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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