After Gold new ATH 2887, What Next?
Gold appears to have formed
a local supply zone at 2870-2875
and as long as this zone is intact,
expect further retracement towards
2850-2830
If selling pressure continues below 2830,
decline towards 2810-2780
On the flip side, strong consolidation above 2875 will resume uptrend to retest 2887 and extend bullish advance towards next leg higher 2895
a local supply zone at 2870-2875
and as long as this zone is intact,
expect further retracement towards
2850-2830
If selling pressure continues below 2830,
decline towards 2810-2780
On the flip side, strong consolidation above 2875 will resume uptrend to retest 2887 and extend bullish advance towards next leg higher 2895
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