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GOLD analysis 10.03.2020

10.03.2020

Market Review

The overall trend is upward. The presumptive correction (a truncated construction of the M30 level) tested the zone of 365 and 135 moving averages. The round intermediate level of 1650.0 restrains sellers.

Buy while an ascending pattern is forming, where the wave (as) breaks through the inclined channel of the descending truncated pattern of the M30 level.

Stop loss under the round intermediate level 1650.0.

Target levels: 1700.0 (a trap for pros and round the important level); 1720.0.

Author: admin
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