PrimeX News

Broker News

Ethereum Elliot Wave Outlook: Bullish Momentum Builds
Tue, 14 Apr 2026 18:37:03 GMT
Ethereum Price Prediction: Target Set at $2.8K as Buy Signal Pops Up
Tue, 14 Apr 2026 18:12:32 GMT
Nasdaq 100: Nvidia, Oracle Lead Tech Stocks in US Indices Rally Today
Tue, 14 Apr 2026 17:13:21 GMT
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Traders Bet On De-Escalation In The Middle East
Tue, 14 Apr 2026 17:01:14 GMT
U.S. Dollar Tests New Lows As PPI Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Tue, 14 Apr 2026 16:33:26 GMT
XRP Price News: XRP Eyes $1.80 as Short Squeeze Odds Rise
Tue, 14 Apr 2026 14:40:37 GMT

Hungary’s Euro Ambition Is a Long-term Bet Requiring Discipline, Credibility and Integration
Mon, 13 Apr 2026 16:16:44 GMT
A Divided Fed to Continue Favouring Easing Even as the Iran War Raises the Stakes
Thu, 26 Mar 2026 21:25:31 GMT
ECB Policy to Ultimately Be Determined by the Fallout from the Iran War
Mon, 16 Mar 2026 13:30:15 GMT
Jobs Miss and Oil Spike Signal Stagflation Risk for U.S. Economy
Fri, 20 Mar 2026 20:24:14 GMT
NVIDIA’s Record Quarter Reinforces Its Leadership in the Rapidly Growing AI Era
Wed, 25 Feb 2026 22:43:02 GMT
Amazon Plunges 9% After Hours as $200B Spending Plan Shocks Wall Street Investors
Thu, 05 Feb 2026 22:17:31 GMT

What Are Leveraged and Inverse ETFs? Risks, Rewards, and Key Strategies
Mon, 23 Mar 2026 23:55:30 GMT
Bollinger Bands Trading Strategies: How to Read Volatility, Identify Market Regimes, and Trade with a Statistical Edge
Fri, 13 Mar 2026 22:59:16 GMT
Moving Averages Explained: A Beginner’s Guide to SMA and EMA Trading Strategies
Wed, 11 Mar 2026 17:49:10 GMT
What Is Multi-Timeframe Analysis? How to Align Weekly, Daily, and Hourly Charts
Mon, 16 Mar 2026 14:14:48 GMT
Trend Identification & Analysis: How to Read the Market’s Footprints Before the Crowd Does
Fri, 27 Feb 2026 21:34:32 GMT
Support and Resistance: Finding Key Levels for Profitable Trading
Wed, 25 Feb 2026 22:45:24 GMT

GOLD Shorts are Strong but Watch the Support

By:

Nenad Kerkez

Published: Jun 30, 2021, 09:33 GMT+00:00

Gold has dropped yesterday but I am long as we are on the strong institutional support

We can see that the 1750 zone is important for institutions. This is where we have had buy orders in the past. Additionally it is the M L5 support and we can expect the bounce. The RSI has bounced above 30 and every time it does the price goes up. We could see 1785 and 1825 as targets.

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.

Editors’ Picks