Gold currently stands at the support of the upward sloping trend line suggesting it could experience buying near current levels. Further it is currently trading in a doji candlestick formation near the trend line after a brief decline suggesting that the correction is losing steam. It would be prudent to say that the gold could rebound towards $1855 and $1865 if it sustains above $1835.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.