Gold is still bullish despite the retracement that is happening on 4h time frame. We might see a bullish bounce off the W L3 pivot.

Gold

1557-1560 is still the POC zone where Gold buyers might be waiting. The price might bounce towards 1566 and 1574. If 1574 breaks we could see 1582 W H3 pivot retest. A deeper retracement might follow only if 1555 breaks lower. In that case watch for 1552 and 1544.

XAUUSD

 


 

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

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