GOLD bouncing from a historical range toward the 1962-1970 zone.

XAUUSD
After beautifully pulling back from the range mentioned this day in my previous idea, Gold is now on the way to a very critical price area just above the previous Inducement zone on the 1962 price range. Despite the temptation to get a Long, counter trend of the Bearish momentum isn't without troubles.
Nothing here can be for granted but it makes sense awaiting that range to confirm the right lower High to make a start for a new downside leg.

Commentaire:

1962 Price Range reached