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GOLD Should Bounce From the W L3 Camarilla

Gold is still bullish despite the retracement that is happening on 4h time frame.
Nenad Kerkez
Rows of golden and silver bars

Dear Traders,

Gold is still bullish despite the retracement that is happening on 4h time frame. We might see a bullish bounce off the W L3 pivot.

1557-1560 is still the POC zone where Gold buyers might be waiting. The price might bounce towards 1566 and 1574. If 1574 breaks we could see 1582 W H3 pivot retest. A deeper retracement might follow only if 1555 breaks lower. In that case watch for 1552 and 1544.

The Analysis has been done with the CAMMACD.Core and Sit Systems

 

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