Gold is approaching resistance, potential for a drop!
We are seeing a medium-probability bullish scenario as price is approaching our first resistance area at 1822.29, where we could see a drop at this level towards our first support at 1803.06. The Ichimoku cloud and EMA(45) are both showing bearish momentum in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
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