GOLD USD
we broke out of the neckline from the inverted head & shoulders formation if we are able to keep above $1375 - $1400 then i expect 1st target to be $1566 by the 0.618 golden fib ratio level. now if we are able to break this with colume and momentum then next target will be $1700 (0.786) fib. $1900 is a possibility but we need to see how things develope after we reach our 1st target. im bullish on gold
Bullish scenario
targets if remains strong:
1/ $1566
2/ $1700
3/ $1900
if we get rejected
Bearish scenario
targets of support:
1/ $1244
2/ $1182
3/ $1044
***this is not financial advice just a madmans imagination.***
Bullish scenario
targets if remains strong:
1/ $1566
2/ $1700
3/ $1900
if we get rejected
Bearish scenario
targets of support:
1/ $1244
2/ $1182
3/ $1044
***this is not financial advice just a madmans imagination.***
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.