Gold is breaking new highs, currently on a retracement
Fibonacci retracement places the potential entry point at 1965.00 (70,2 fibo zone) which we can see is a highly liquid zone from which the bulls can gain enough strength for a strong impulse move to take place
While it is sitting on a potential support zone, more liquidity is needed for a strong push to the upside
SL: 1920.00
TP: 2080.00 (conservative)
Fibonacci retracement places the potential entry point at 1965.00 (70,2 fibo zone) which we can see is a highly liquid zone from which the bulls can gain enough strength for a strong impulse move to take place
While it is sitting on a potential support zone, more liquidity is needed for a strong push to the upside
SL: 1920.00
TP: 2080.00 (conservative)