GOLD Analysis

Gold closed the week strongly closing above the weekly level I identified last week aroun 1486-1487 (see weekly chart below).

If risk off sentiment continues we should continue to see flows into safe haven assets such as Gold and the next target insight is around 1530.

You can see on the 1hr/4hr/Daily we are trading within a clear range between 1487 and the highs at 1510. I’ll be waiting for a clear break out to trade with the momentum.

Looking on the 15min it is creating support and resistance structure, we just need to wait for clear candles to show us the way.

Its’ Monday so don’t rush in….

Visit Us On InstagramVisit Us On TwitterVisit Us On FacebookVisit Us On Youtube