Gold under Non stop selling pressure

14 нояб.

Gold is under Non stop selling pressure and now reaching the support area as per daily TF , on H1 gold is forming a falling wedge pattern , and for any pullback price need to breakout the trendline from higher side , On Higher TF there is no good indication of any pullback as of now but I think every DIP is a buying opportunities as at present I am not expecting a bearish reversal for a longer period.
First support area is at 2530-55 area.
Second Support area is at 2500-25 area.