Gold is long overdue for a much needed pullback
In the past few weeks, gold has been soaring due to the geopolitical tensions in the middle east. In the last week's NFP, the strong numbers failed to take any advantage to most USD pairs.
So what now?
In the coming weeks, we might see a major pullback from the overbought zone which I tried to draw on the chart but having said that, it looks to me that gold has more room for upside considering we have CPI numbers coming this week.
good luck to everyone!
Carpe diem!
So what now?
In the coming weeks, we might see a major pullback from the overbought zone which I tried to draw on the chart but having said that, it looks to me that gold has more room for upside considering we have CPI numbers coming this week.
good luck to everyone!
Carpe diem!
we bagged 250+ pips in the pre-asia session during early pullback
trade safe!