GOLD Long
Higher time frames show that gold has been quite bullish but has been retracing to the daily 38.2% fib level
Gold, like dxy, has been ranging between the 38.2% and 1477.50 and has not established a bullish or bearish move yet
If we are to trade a bullish continuation we want to see a break and retest of the 1477.50 area but if we are to target lower we will look for the 38.2% zone to be broken
Higher time frames show that gold has been quite bullish but has been retracing to the daily 38.2% fib level
Gold, like dxy, has been ranging between the 38.2% and 1477.50 and has not established a bullish or bearish move yet
If we are to trade a bullish continuation we want to see a break and retest of the 1477.50 area but if we are to target lower we will look for the 38.2% zone to be broken
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.