Is GOLD Ready for BUY entries?
Here is my analysis from the weekend on the 4 hour timeframe for a potential Reversal for a bullish Biased.
On the daily and Weekly it's still pretty bullish forming a nice Ascending Flag pattern. Also using Fib retracement Price has respected and rejected the 618 zone on the pullback and could potentially break Resistance for the upside. The market is forming a nice Head & shoulder pattern for potential Buy entries.
I will be looking for Buy entries in my 618 zone for confirmation to get in the market.
Let me know you think in the comments below.
On the daily and Weekly it's still pretty bullish forming a nice Ascending Flag pattern. Also using Fib retracement Price has respected and rejected the 618 zone on the pullback and could potentially break Resistance for the upside. The market is forming a nice Head & shoulder pattern for potential Buy entries.
I will be looking for Buy entries in my 618 zone for confirmation to get in the market.
Let me know you think in the comments below.
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