GOLD Should Bounce From the W L3 Camarilla

Published: Feb 12, 2020, 08:54 UTC1min read
Gold is still bullish despite the retracement that is happening on 4h time frame.
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Dear Traders,

Gold is still bullish despite the retracement that is happening on 4h time frame. We might see a bullish bounce off the W L3 pivot.

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1557-1560 is still the POC zone where Gold buyers might be waiting. The price might bounce towards 1566 and 1574. If 1574 breaks we could see 1582 W H3 pivot retest. A deeper retracement might follow only if 1555 breaks lower. In that case watch for 1552 and 1544.

The Analysis has been done with the CAMMACD.Core and Sit Systems

 

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