So far in 2020, the GOLD has been the best market to trade. Buy the dip has been the best possible scenario. We still have that scenario playing out.
1560 zone is a possible bounce spot. If the market makes a retracement to 1560 zone watch for a possible renewed bullish pressure. The first target is 1586- W H4 camarilla pivot. A 4h close above and we should see 1594-1600. Any breakout above 1600 implies a 1611 retest. If the market drops below 1560, watch for 1554 zone for a possible bounce.
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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