Gold Stands Near To 1980-1990 Area Seen During The Previous Week
Posted by Klejdi Cuni on
It looks like it is ready to recover towards the 2005 target if the
buyers will hold it above 1981 which corresponds also to the low of the previous 4-hour candle.
If buyers fail to bring it back above 1981 then Gold can extend its slide for additional losses towards 1964
The chances are higher for the bullish movement considering the fact that on the left structure the price
did the same thing as well.
Also, given the current conflict between Russia and Ukraine, the market will not give up gold so quickly.
buyers will hold it above 1981 which corresponds also to the low of the previous 4-hour candle.
If buyers fail to bring it back above 1981 then Gold can extend its slide for additional losses towards 1964
The chances are higher for the bullish movement considering the fact that on the left structure the price
did the same thing as well.
Also, given the current conflict between Russia and Ukraine, the market will not give up gold so quickly.