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GOLD Extremely Bullish Pushing Towards 1611 Retest

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1560  zone is a possible bounce spot. If the market makes a retracement to 1560 zone watch for a possible renewed bullish pressure. The first target is 1586- W H4 camarilla pivot. A 4h close above and we should see 1594-1600. Any breakout above 1600 implies a 1611 retest. If the market drops below 1560, watch for 1554 zone for a possible bounce.

The Analysis has been done with the CAMMACD.Core and Sit Systems

This article was originally posted on FX Empire

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