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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.

Comex Gold

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.

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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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