Gold is getting ready for more upside

Nenad Kerkez Top-XE

Gold is in a strong uptrend which has been going quite well for bulls. Buying the dips is the option if the price retraces to POC zones.

Gold is challenging 1800. If we see a drop to 1770 or 1752 zone, new buyers should emerge and bring the price up again. We can spot a steady zigzag pattern which mark the strong and continuous uptrend. Besides W L3 camarilla pivot which is supportive for Gold, additional confluence is made by Bollinger bands and 89 EMA within the first POC. The target is M H3 pivot 1812.

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

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Author

Nenad Kerkez

Top-XE

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