Are there is probability that gold will Reverse Sharply?
Will gold reverse?
Well, of course there will be a downtrend in gold but i don't think it will be a big reverse. Right now all we can see is a Strong Bullish momentum of gold supported by the inflation data, middle-east tension and demand of gold by central banks.
Additional negative news for USD will strengthen the percentage of rate cuts and eventually brings the gold to a New High.
* New High by the end of this week?
* Reversal will occur in gold?
Buying opportunity zone
1. if there are rejections from 2400 area then we can try for long on the 2400-2396 area, or wait for a pullback all the way down on the 2385-2382 area.
2. this is just my predictions so please trade wisely
*Stay positive*
Well, of course there will be a downtrend in gold but i don't think it will be a big reverse. Right now all we can see is a Strong Bullish momentum of gold supported by the inflation data, middle-east tension and demand of gold by central banks.
Additional negative news for USD will strengthen the percentage of rate cuts and eventually brings the gold to a New High.
* New High by the end of this week?
* Reversal will occur in gold?
Buying opportunity zone
1. if there are rejections from 2400 area then we can try for long on the 2400-2396 area, or wait for a pullback all the way down on the 2385-2382 area.
2. this is just my predictions so please trade wisely
*Stay positive*
Feragatname
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