Analysis

Gold Bulls are Dominating all the Markets

The Gold has been the best market to trade in 2020, provided that you have been able to catch the retracement. Buying the dips is the way to go. No selling so far.

During the night, Gold bounced 200 pips and there is no top near. If it retraces towards 1613-15 zone we might be able to buy the dip and target 1640-50 zone. Seems that M H4 might eventually give us a retracement. The deepest retracement I see today is 1608 but if we don't see profit taking then the price will not reach there. So, paying attention and buying the dip is the scenario I have been following.

 


 

The analysis has been done with the CAMMACD.Core System.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.