GOLD is Bullish Looking for a Retest of 1845 zone

Published: May 10, 2021, 07:52 UTC1min read
Gold has turned bullish last week and I expect continuation towards higher levels in the week ahead.
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Gold has turned bullish last week and I expect continuation towards higher levels in the week ahead.

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We can spot double trend line confluence and the price consolidating in the zone before a breakout to the upside. We should see a move to the upside off 1830-33 zone.Targets are 1840, 1845, 1852 and 1864. We see a bullish zigzag in the 15 min time frame so intraday traders might be looking for buying opportunities.

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Cheers and safe trading,

Nenad

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