As you see gold price is being bought aggressively due to fed's cutting the interest and also, Corona virus which affecting the entire earth and economy.
I would mention that gold on monthly chart looks overbought there are chances that gold gonna go short before reaching my target point.
The best idea is to keep an eye on weekly and daily then to confirm our long until it hit the TP.
I strongly recommend to pay attention to 50MA to find the area of high confluence to not lose the good trade.
Good luck!
I would mention that gold on monthly chart looks overbought there are chances that gold gonna go short before reaching my target point.
The best idea is to keep an eye on weekly and daily then to confirm our long until it hit the TP.
I strongly recommend to pay attention to 50MA to find the area of high confluence to not lose the good trade.
Good luck!