Our previous analysis is going well. Price action has not been the most volatile but direction is playing out. Price is hovering around our demand zone, I anticipate Gold to respect these lows at demand and push higher. If not we could see gold sweep the lows and then go bullish. With the help of news, Gold can push price up to 2056 and then back to the downside continuing to break 4hr lows. Overall targets being 2009-2010. If Gold were to break 2065, and not respect supply, 2089 can be an area of interest. But I am favoring lower prices before seeing ATH. Good luck tomorrow traders and I hope everyone is having a great trading week!
- CipherFX Team
- CipherFX Team
CipherFx