Hello traders, attached I have my analysis of what we will see in the near future for gold. Based off of fundamentals and technical analysis I think that it is clear to see gold has broken through support at 2000 and then retested it as a resistance and bounced off of it to the downside. I believe gold is going to go where the money is, which would be towards the support level around 1935-1940 area. It may have a brief stop at the 1965- 1970 support area before it makes its way all the way down.
All opinions I share are of my own idea and not to be taken as financial advice.
Happy trading :)
Let me know what you think!
All opinions I share are of my own idea and not to be taken as financial advice.
Happy trading :)
Let me know what you think!