XAUUSD TO 1670

27 thg 4, 2021

Gold has reached a major supply zone at 1794 and bounced off it showing that buyers are losing momentum. Overall, on a bigger timeframe you can see that Gold is now in a downtrend and this current surge to the upside is nothing more then a retracement as market will need to grab liquidity before moving down again. It is possible market can move further up to 1820 also before crashing down again. Got an entry in from 1794 already but waiting for a liquidity grab from 1789 before market shoots down.

My first target for Gold will be 1670, second target 1640 and final target 1570. I will be catching this massive swing trade on behalf of myself and my Account Management investors with very low risk.