HomeContributorsTechnical AnalysisGold Is Getting Ready For More Upside

Gold Is Getting Ready For More Upside

Gold is in a strong uptrend which has been going quite well for bulls. Buying the dips is the option if the price retraces to POC zones.

Gold is challenging 1800. If we see a drop to 1770 or 1752 zone, new buyers should emerge and bring the price up again. We can spot a steady zigzag pattern which mark the strong and continuous uptrend. Besides W L3 camarilla pivot which is supportive for Gold, additional confluence is made by Bollinger bands and 89 EMA within the first POC. The target is M H3 pivot 1812.

Elite CurrenSea
Elite CurrenSeahttps://www.elitecurrensea.com/
Elite CurrenSea Accessible Forex Trading Systems & Education With over 30 years of combined trading experience, we design, test, and provide successful Forex, CFDs & Crypto trading systems and solutions for retail and institutional traders alike.

Featured Analysis

Learn Forex Trading