GOLD has bounced due to risk off as the Russia-Ukraine crisis continues.
GOLD Technical Analysis
GOLD Buyers are facing resistance
Crisis induced trend
We might see a drop
1915 needs to hold for bears
H4 Chart GOLD
Entry zone
Order block
Next target
The final target
GOLD has bounced due to risk off as the Russia-Ukraine crisis continues. The prevalent trend was bearish that has turned into a crisis induced bullish trend. At this moment the market looks like it could drop from the zone targeting W L3, M H5 and W L4. If the price continues lower expect it to possibly reach point 4 in the charts.
Cheers and safe trading,
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