Gold Uptrend Due to Risk Off

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

1. Entry zone
2. Order block
3. Next target
4. 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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Nenad