Long
Gold: Quick Buy Opportunity?
Looking at the 15 min chart, we can spot a beautiful continuation upside which may be a great opportunity for us to capitalize on a long opportunity for at least 150-200 pips. Moreover, the price is hovering around the 61.8% Fibonacci Retracement strong support level, in addition to breaking out of the falling wedge formation inside the bigger descending signaling a possible upcoming breakout.
Our first target for this trade will be the beginning of the smaller falling wedge at around $1,838-$1,840. Breaking above this level will push the price for further upside towards retesting $1,844 and $1,855 in extension.
Goodluck!
M.Y.
Our first target for this trade will be the beginning of the smaller falling wedge at around $1,838-$1,840. Breaking above this level will push the price for further upside towards retesting $1,844 and $1,855 in extension.
Goodluck!
M.Y.
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