Are we there yet? The big move in gold

20 Şub

After breaking out of the bearish downward trend, gold wants to retest previous levels and grab some liquidity further up. Currently we are sitting at the 2022 level. If we break 2022 , we will see the likes of 2028-2030. From here, strong resistance level and the downward trendline on a larger scale act as a strong barrier to break for gold. Watch for the 2028 levels, if there is a strong rejection, I believe gold will touch last weeks low at 1985 and beyond.

Sell - 2028-2030
TP1 - 2003
TP2 - 1995
TP3 - 198