Hello friends, Gold could not break the upper channel resistance around $1905 and the current price action indicates a pull back to $1,820 - $1,860 support zone as identified in the chart. I expect Gold to pull back to this support zone following which it climbs again and break the channel signaling an end to the ABC correction. The fundamentals are also in the gold side and the overall trend is still up so any pull back should be buying opportunities targeting ATH if not more within the next few weeks/ months. I suggest you guys to buy and accumulate positions in the support zone with SL below 1,820 as per your money and risk management strategies.
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Thank you for the support and good luck with your trades!
Please share your thoughts and if you like this idea, please like and follow.
Thank you for the support and good luck with your trades!