Advertisement
Advertisement

GOLD Still Bought on the Dips

By:
Nenad Kerkez
Published: Jan 16, 2020, 08:56 UTC

Dear Traders, The GOLD is still bullish as the higher time frames suggest continuation above W L3 pivot.

GOLD Still Bought on the Dips

The Gold has made a moce above W L3 pivot and we might expect a continuation to the upside. The POC zone is 1542.87-1544. As long as the price is above the zone we should see a move up. Targets are 1556 followed by 1560 and 1564 which is the final intraday target. If the market makes a close avoe 1581 then we will see a retest of 1600 zone.

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

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.

Did you find this article useful?

Advertisement