Welcome back traders.
From my previous post on gold back in the 1700s. We are now making way to surpass the 1900s mark. Early this morning gold broke Weekly/daily resistance circa 1885-1187. However Price now reached 1895.00. We are expecting a correction before seeing this price rally to 2000.
Breakdown of what I expect:
- I expect the price to do a pullback to 1885-1887.
- Reject 61.8% pullback that level.
- Supported by major support.
Goodluck! Be advised that my trades are personalized to how I see the market. Be cautious on risk management.
-Steven S
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