GOLD Technical Analysis

• GOLD Buyers are relentless
• Crisis induced trend
• Huge risk off
• 1991 next target

H4 Chart GOLD

1. Swing before the drop
2. Swing low
3. Ascending trend up
4. Entry zone
5. 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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Cheers and safe trading,

Nenad