Gold must hold 1500 for the upside
Today we have Gold price action on a watch.
DAX is testing the long-term upside support 1500 level as it can be seen on a weekly chart. We could see a bounce from here and a correction higher to 1650 if this level holds. A daily close below the 1500 level will lead to a deeper pullback to 1400.
ARMAT trading system is neutral
Note – retest of the previous resistance. Look for long trade entries with the stop loss below 1500 if stopped reverse to short trades
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