GOLD Possible Retracement

4월 6일

The Price of gold has been rallying for the last two months. In this case, you can now start to manage some risk. The reason is, there is no bottom wick on the weekly candle. Also, the price has now reached to AB=CD formation on the monthly time frame. There is high probability of a fake-out towards higher levels depending on the hype and demand on the market in the following weeks. But, you should manage your risk if your are holding long positions in GOLD for possible retracement towards 2214 levels.