since last week gold had a very indecisive and unclear price action the overall direction was unclear but since geopolitical situation is getting serious and serious i think we should be looking at the bullish direction.
i have found a pretty good scenario with a good entry if a bullish move occurs .
First the price reached a daily keylevel and fibbonacci golden zone level
then the last 4H candle closed as a doji hammer indicating strength of buyers on lower tfs we can find a formation of an inverted head and shoulder + rsi divergence.
i guess the break of the neckline could trigger a bullish continuation towards the 2050s.
i have found a pretty good scenario with a good entry if a bullish move occurs .
First the price reached a daily keylevel and fibbonacci golden zone level
then the last 4H candle closed as a doji hammer indicating strength of buyers on lower tfs we can find a formation of an inverted head and shoulder + rsi divergence.
i guess the break of the neckline could trigger a bullish continuation towards the 2050s.
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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.