Upward pullback

16 May

Gold has been facing selling pressure all week, but may have found some bullish growth heading into the coming week. The commodity managed to find bullish pressure (potentially) from the 3154 zone, which was previously resistance, turning into support. This may lead to an upward move to the nearby resistance at 3250. If the upward pressure stabilises above 3250, price action may continue to grow. Conversely, if price action stabilises under the 3250 barrier, a bearish outlook may be favourable.

19 May

İşlem aktif

First target hit. The buy scenario looks like it may continue based on how the market is behaving!