Gold Sellers are Waiting in the Ambush

At this point we might be waiting for a gold pullback towards 78.6-88.6 zone to make another short trade. Last week short trades came in good profits and I think the POC zone will be valid again for short sellers. 1855-66 is the zone where sellers are waiting. In the case of rejection we need to watch for 1838 followed by 1811 and 1785.

Cheers and safe trading,


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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.