Gold Bulls

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After such a big push in London open, it makes sense for gold to pull back towards either the hourly trend line or towards 2900-2905 before making another push towards 2920 again. Tariff news is fueling the rise, and buyers have returned after the end of month (February) sell off.

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The idea is still active but now the watch out zone is 2890. If we manage to get a support there then we could see another upside leg to retest 2920. On the contrary, if we see price breakdown below 2890, then a retest of 2860 looks likely. please refer to the latest chart i have updated today for a deeper analysis.