Gold range trading

28 mar 2023

Gold is currently in a range, with a sizeable amount of space to trade. The current pivot stands at 1950 with available space upwards towards 2000 and 2030 respectively, while below, we have 1900 and the 1800 extension. Price is closer to a higher high on the daily tf which may be indicative of a continuation of the trend or the end of the trend. The range still requires a few weeks to print a decisive direction completely.