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.
GOLD Technical Analysis
GOLD Buyers are relentless
Crisis induced trend
Huge risk off
1991 next target
H4 Chart GOLD
Swing before the drop
Swing low
Ascending trend up
Entry zone
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. I made an entry at 1906 confirmation on H4 timeframe. At this point its +600 pips of profit. We should see a continuation up towards 1991. Gold is a safe haven and buying the dips is the scenario as long as the crisis lasts.
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