So Gold managed to close above its nemesis - $1295.
Now, if this would have been just a Daily, then I would say that there is a risk of some downside. Still, a possibility of a quick retracement before heading higher isn't off the table.
My idea here is that it could re-test the 1295 or maybe slightly lower (23.6% or 38.2% Fibonacci) and then give us good move higher.
Looking for BUY levels after it does a bit of retracement (mentioned above) and aiming for $1340-$1350, for now.
There is not much to discuss here, to be honest.
Keep an eye on the price action!
Oh, and happy New Year, everyone! I wish you all a lot of profit in 2018!
Now, if this would have been just a Daily, then I would say that there is a risk of some downside. Still, a possibility of a quick retracement before heading higher isn't off the table.
My idea here is that it could re-test the 1295 or maybe slightly lower (23.6% or 38.2% Fibonacci) and then give us good move higher.
Looking for BUY levels after it does a bit of retracement (mentioned above) and aiming for $1340-$1350, for now.
There is not much to discuss here, to be honest.
Keep an eye on the price action!
Oh, and happy New Year, everyone! I wish you all a lot of profit in 2018!
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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.