GOLD is Targeting 1820 Zone
October 22, 2021
GOLD Technical Analysis
- GOLD is breaking above the trend line
- The price needs to break 1796 for more upside
- Buying the dips is the scenario
- 1820 zone is the final target
- Left shoulder
- Head
- Right shoulder
- Bouncing zone
- Target
The price is bullish. Last week we have witnessed buying the dips scenario. Bulls are trying to push the price further up and so far they have been successful. Potential move is higher but the price needs to break above 1796. M H3 and W H4 need to break and the price needs to close above it. Gold is supported by at important weekly and monthly camarilla pivots. The final target is 1820 zone, but watch for potential profit taking today as it is Friday. Buying the dips is the scenario.
