GOLD - Daily - A bit of retracement would be appreciated.
So, in my yesterday's analysis on the Hourly chart, we managed to fill the little gap that we had.
Looking at a bigger scale, this commodity is looking Bullish, but I would like to see some retracement in order for it to shoot even higher.
My target for this month is 1370 (maybe 1375 if we're lucky). To be honest, not far to run, from where it is today.
But in the mean time, would love to see some selling. A good target could be around 1312 for a bouncing point.
But let's see what happens.
As always, keep an eye on the price action!
Looking at a bigger scale, this commodity is looking Bullish, but I would like to see some retracement in order for it to shoot even higher.
My target for this month is 1370 (maybe 1375 if we're lucky). To be honest, not far to run, from where it is today.
But in the mean time, would love to see some selling. A good target could be around 1312 for a bouncing point.
But let's see what happens.
As always, keep an eye on the price action!
