Gold Bounces 3-16-22
Gold has had an amazing run over the last couple weeks but its been selling off over the last several days. $1900 appears to be a good support area and buyers are starting to move back in. $1900 level was previous highs last May and sort of last November. This level is also a bounce off Fibonacci .786, where the bulls can pick back up this rally.
If we do go down further from here, I would see gold temporarily trade in a range for several weeks between$1800-2000 before finding a break out move. But so far, gold is still a bullish case and $1800 will have massive buyers involved, especially those who missed the break out at the start of February.
If we do go down further from here, I would see gold temporarily trade in a range for several weeks between$1800-2000 before finding a break out move. But so far, gold is still a bullish case and $1800 will have massive buyers involved, especially those who missed the break out at the start of February.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.