GOLD: Technical rebound is coming?

This is certainly the most important support area on daily chart (1.900/1.885), if it fails a deep bearish leg is expected. That said, if some reversal patterns form on small time frames, this could be an interesting area to try and take a long position.

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🔴Long-Term View (Fundamentals):

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🔴 Potential "Hammer Pattern" on daily chart:

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🔔 Very interesting last week for gold, after bearish consolidation that pushed the price to support area around 1.900 USD, Price Action triggered an interesting reaction in the closing of the week. From my point of view, the next 1-2 sessions will be important to understand what kind of Pattern could appear next week.

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📊 Some update Intraday Session:

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💡 Pattern and Target still valid on daily chart, but in next sessions we will have to manage our long position.

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💡Pullback in short term?

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✅ TARGET 1 hit!

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🔔 Trend is still Bullish

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The market is betting on possibility that BRICS can peg the new currency to gold, is that true?

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🔔Next update also on Twitter🔔