GOLD
X marks the Spot.
For a Bearish Price Action,
We hit a Supply Zone on the Weekly and price reverses. Look to SELL rallies with stops at 1300. We continue lower. Long-term Target at 1237
For a Bullish Price Action,
If bulls reclaim 1300, I'll flip my bias to bullish and look to BUY pullbacks with Targets at 1350 & 1365.
I remain Bearish on this metal.
For a Bearish Price Action,
We hit a Supply Zone on the Weekly and price reverses. Look to SELL rallies with stops at 1300. We continue lower. Long-term Target at 1237
For a Bullish Price Action,
If bulls reclaim 1300, I'll flip my bias to bullish and look to BUY pullbacks with Targets at 1350 & 1365.
I remain Bearish on this metal.
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