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GOLD is Bullish Looking for a Retest of 1845 zone

By
Nenad Kerkez
Published: May 10, 2021, 07:52 GMT+00:00

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

Gold
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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.

For a look at all of today’s economic events, check out our economic calendar.

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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