((GOLD UPDATE ))
MONTHLY TIME FRAME: pullback TO 50 % fibo level and formation of bullish engulfing candle .
WEEKLY TIME FRAME : formation of higher low above strong support level (1845) after pullback.
DAILY TIME FRAME : reaching the 0.61 fibo level ( MA 200) as a pullback after breaking daily down trend with good rejection above the strong support level (1845) .
H4 TIME FRAME : good rejection of bearish candle with formation of good hanging man bullish candle at level 1845.
i think next weeks will see more bullish movement with expectation of 3 targets:
TP1 AT 1960 LEVEL
TP2 AT 2000 LEVEL
TP3 AT 2075 LEVEL
GOODLUCK
TRADE SAFE
MONTHLY TIME FRAME: pullback TO 50 % fibo level and formation of bullish engulfing candle .
WEEKLY TIME FRAME : formation of higher low above strong support level (1845) after pullback.
DAILY TIME FRAME : reaching the 0.61 fibo level ( MA 200) as a pullback after breaking daily down trend with good rejection above the strong support level (1845) .
H4 TIME FRAME : good rejection of bearish candle with formation of good hanging man bullish candle at level 1845.
i think next weeks will see more bullish movement with expectation of 3 targets:
TP1 AT 1960 LEVEL
TP2 AT 2000 LEVEL
TP3 AT 2075 LEVEL
GOODLUCK
TRADE SAFE
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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.