goldTrading Outlook

Gold: Daily Forecast/ pips hunting!

looking for Retracement!

Gold has been showing resilience during the last couple of trading sessions.

However, we are looking for good buying entry nevertheless for today we expect a bit pull back in order for attracting buyers.

Order of the day!

We prefer to sell this market around, 1514 with strict stop loss 1514 and target could be around 1511/1510 region.

Alternative Scenario!

Lastly, if break out of 1515 occurred it might be a little bit further on the upside like 1517/20 region.

Happy trading and prosperous New year!