GOLD is Targeting 1525-35 as the First Zone

Published: Sep 23, 2019, 10:49 UTC•1min read

Dear Traders, The Gold has been in a steady uptrend. Fresh buyers showed exactly as planned and explained within 1500 zone and we are seeing a momentum push to the upside. The Gold is targeting 1525-35 zone as the first target. A bounce from the POC zone happened after a

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EUR/USD

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Dear Traders,

The Gold has been in a steady uptrend. Fresh buyers showed exactly as planned and explained within 1500 zone and we are seeing a momentum push to the upside.

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The Gold is targeting 1525-35 zone as the first target. A bounce from the POC zone happened after a sideways consolidation and currently we can see a strong momentum above 1500. If 1535 breaks we should see 1550 and eventually 1565. Only a loss of 1480 could make the pair bearish on H4 timeframe. Watch for a continuation of uptrend as long as the price is above 1480-1500 zone.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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