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From the last analysis we were looking to go long here on gold from a demand zone.
Gold reacted to the demand zone and made a nice push up, creating demand zones on the way.
Price now sits in a supply zone. It is possible for price to react here and go short but confirmation will be needed.
So far my bias in short but I would be cautious of how strong the bulls seem.
COMMENT what you guys think!
THIS IS ONLY MY OPINION AND SHOULD NOT BE TAKEN AS INVESTMENT ADVICE
From the last analysis we were looking to go long here on gold from a demand zone.
Gold reacted to the demand zone and made a nice push up, creating demand zones on the way.
Price now sits in a supply zone. It is possible for price to react here and go short but confirmation will be needed.
So far my bias in short but I would be cautious of how strong the bulls seem.
COMMENT what you guys think!
THIS IS ONLY MY OPINION AND SHOULD NOT BE TAKEN AS INVESTMENT ADVICE
