Best Trade Ideas for April
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Gold: bouncing from local support
Information is not investment advice
Gold’s multi-month downtrend is continuing its way. Recently, it came to 1 765 – the November highs. However, that support level sent gold back upwards. Unless gold reverts at 1 800, expect it to go upwards to 1 825 – that may be a possible target for bulls where the price will form a local high to go down again. If the bullish push will be more extended, the resistance level to watch will be 1 850 – that will only be the mark that’ll confirm if the downtrend will stay in power.
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