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.
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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.
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The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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