crawfordpaul

Gold Demand Increasing- Time to Buy?

Long
COMEX:GC1!   Gold Futures
Gold has been hit hard since it’s run into August of 2020 where is created its high. Now basing in the mid to low 1700’s a reversal play could be panning out (no pun intended). I wouldn’t be surprised to see one more sweep of liquidity through the value area low at 1751.4 to better support the move on the distribution zone. Gold has been a safe haven during uncertainty and despite a strong rally from the dollar, which often moves against the pair there is still solid flows into gold from 1700+. All this mind, I will be looking for longs on Gold from 1754-1732 looking for pushed beyond 1900 and into 2300 as a long term price target
Haftungsausschluss

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