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GOLD Two POC Zones as the Price is Looking Bullish

By:

Nenad Kerkez

Published: Jun 2, 2021, 07:40 GMT+00:00

GOLD has made a retracement from recent highs straight into the first bounce zone.

There are the two POC zones that could spike the price up. 1885-1889 is the deeper pullback zone and we could see it holding. However, the thing is that the first POC zone 1895-98 could make a bounce. Bulls are still in control. Targets are 1903, 1914 and eventually 1923. Buying the dips is the scenario that I am going with.

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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