We are looking to long Gold ones its retests 1865. We broke the golden fibonacci levels to the downside for a potential retracement and we also rejected 1850 with a big wick. The NFP was worse than we expected so the US dollar is looking pretty weak and will probably continue this trend. That is good news for gold. On the daily and the weekly we are looking pretty bullish, might be the week we finally go to the 1920's and up.
So I'm looking for another rejection of 1895 for a potential sell to 1865. From there we are looking for rejection of 1860-1865 to form support to go long to 1910 and up.
Gold to moon
So I'm looking for another rejection of 1895 for a potential sell to 1865. From there we are looking for rejection of 1860-1865 to form support to go long to 1910 and up.
Gold to moon