Gold is approaching a level of great importance.
While most traders anticipate a correction, it may skyrocket above 1900.
I believe in the strength of the current supply zone though.
I consider 2 possible short entries. If the SL is reached I will take the other side by entering long in some overextended correction approx. 1868.
However, it will start droppin in some point - possibly in 1920.
Profit targets for shorts close to the last support.
Profit target for long in the mid term close to the daily resistance.
Long term gold is going to visit ATH again in my opinion.
While most traders anticipate a correction, it may skyrocket above 1900.
I believe in the strength of the current supply zone though.
I consider 2 possible short entries. If the SL is reached I will take the other side by entering long in some overextended correction approx. 1868.
However, it will start droppin in some point - possibly in 1920.
Profit targets for shorts close to the last support.
Profit target for long in the mid term close to the daily resistance.
Long term gold is going to visit ATH again in my opinion.