The market looks stuck in a range, gold needs to get above the $1,760 level. If it does, we can have a good rally. Wouldn’t be surprised if we see higher end of the range due to economical tensions thanks to COVID aftermath and tensions between the U.S. and China … Eventually, we should be heading to $1,800 or even higher.
Key Trading Plan:
i) LONG if the price breaks 1760 with the Take Profit target at 1800.
ii) SHORT if the price breaks the support line of 1664 with the Take Profit target at 1605.
Author:
S.I.D. AIzu