Is gold ready for a pullback?
In my previous post I stated that there is a posibily that gold will react to the 1905support/QM buy zone. It reacted scharp with a 60pips rejection. Congrats to those who took a buy there. After this zone gold fell again tested the psycological 1900level. During Asia session gold managed to fall below 1900.
For now i think gold will fall towards 1895-1893. before a good pullback follows back to 1915, 1920 or 1930 zone and from here will fall again.
2th option is gold will fall directly toward 1885 were a strong support is. And from here gold will pullback towards the given levels above
Resistance: 1900, 1915, 1930
Support levels: 1885, 1893,
For now i think gold will fall towards 1895-1893. before a good pullback follows back to 1915, 1920 or 1930 zone and from here will fall again.
2th option is gold will fall directly toward 1885 were a strong support is. And from here gold will pullback towards the given levels above
Resistance: 1900, 1915, 1930
Support levels: 1885, 1893,
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