HomeContributorsTechnical AnalysisGold Possible Drop After The Retracement

Gold Possible Drop After The Retracement

GOLD is looking to continue further down although we could say that the pattern has been completed.

The reaction in the POC zone will be important. If the market drops from the POC zone 1856-65 we should see a move down towards W H3 and W L3. 1837 is the first target. It needs to break in order for the price to proceed further down or it will bounce up. The final target is 1789. Gold is still bearish and I see this just as a sign of a retracement.

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