Gold Spot / U.S. Dollar
Long

GOLD drops sharply to 3300 and found important support area

1 032
The recent bearish momentum on GOLD has met a good support zone and at present we started to see early signs of bullish interest returning, right after we got a beautiful rejection from the zone.

Currently I’m expecting for the price to bounce to the target near 3,390. If this bullish push continues with strong volume and momentum, I’ll be locking in that bias and planning my entry accordingly. I could get involved right here for a more aggressive entry. It’s a bit riskier, but if the structure confirms, I’m more than happy to take the shot, as sometimes the best trades come when you trust your setup.

This is not financial advice.

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