✏️Gold price has a liquidity sweep to 3323 and closes the H4 candle back above the 0.5 fibonacci of the bullish wave structure. The next level that gold is aiming for is the past resistance zone and also the 0.618 Fibonacci zone, which is the price zone of 3358. This is also an area within a trendline that was just formed last week. If trading above the Fibonacci zones, gold will soon regain the 3400 level.
📉 Key Levels
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📉 Key Levels
- BUY trigger: Break trendline, Break Resitance, Break Fibonacci at 3358
- BUY trigger: price action to Fibonacci 0.5 and there is a reaction from the buyers at 3345
- Target 3400
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Trade closed: stop reached
Once again price found the Fibonacci support zone around 0.382 and the uptrend was broken
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Related publications
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.