My Analysis for Gold spot
gold recently after testing 1762 area bounced back and started making new higher high and higher lows. on Friday the market pushed up after initial jobless claims. my analysis is short term traders specially who are day traders or scalpers. the price may fall towards the 61.8 % of fibbonaci level and then may have a push up towards the 1800 area.
The market is still bearish and Price may move downward toward 1751-1732 but that can be seen for the long term.
Disclaimer: this is my perspective of the market and my own idea. no one is encouraged is to trade on the basis of this idea and if done, he/she would solely be responsible for that.
The market is still bearish and Price may move downward toward 1751-1732 but that can be seen for the long term.
Disclaimer: this is my perspective of the market and my own idea. no one is encouraged is to trade on the basis of this idea and if done, he/she would solely be responsible for that.
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