It hasn’t been easy for the bulls in the gold market to defend the upward movement, as the bears were able to pull the price back down around the crucial mark at $1742. In order for our primary scenario to stay intact, we need the bulls to push for another run to reach $1782. From there, we should see a small correction before additional increases in the price.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.