Gold Price Movement For March 09, 2020

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On the Monthly Chart, we can see clearly that gold is already making a market maker buy model pattern and heading toward the monthly high at 1788.89.The monthly high at 1824.30 is the nearest buy side liquidity pool. As long as gold does not retrace and close bellow the 1445.20 level then it is likely to reach the liquidity pool.

The overall bias for gold is still bullish.

(Disclaimer)

The material has been provided by InstaForex Company - www.instaforex.com