Gold dip buying opportunity at $1760.
Gold started showing signs of weakness above the $2000 mark and now after few weeks looks like dip is might to happen soon.
So what would be a favorable price to buy Gold again?
$1760 level is where we have a last supply and demand imbalance before the move to $2000 territory.
It is also an area of yearly VWAP.
If price starts to drop below $1660, the long position should be reconsidered.
So what would be a favorable price to buy Gold again?
$1760 level is where we have a last supply and demand imbalance before the move to $2000 territory.
It is also an area of yearly VWAP.
If price starts to drop below $1660, the long position should be reconsidered.
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Disclaimer
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.