BULLISH RUN ON GOLD
Lat week we saw an impulse on gold from around 1820.00 to 1880.00 and upon meeting key psychological level at 1880.00 got a correction to the 50% of the fib pulled on the impulse on the daily timeframe. Yesterday we saw the bulls coming in with good momentum breaking 1870.00 4hr structure which was supported by a double bottom and from that we can expect a minor pullback to look for an entry on the smaller timeframe with TP around 1900.00.
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.