Gold

Gold Bulls are Still Reigning

Gold is bullish and after a big retracement they are ready to continue with the trend.

1893-1900 is the zone where the bounces should happen. Continuation of the trade happens if the price breaks 1934.85. However if the 1885 is lost we should see a move down to 1869 and Gold will start to be bearish then. At this point, safe haven flights still go into GOLD and buying the dips is the option.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.