Gold Spot / U.S. DollarUpdated Gold is Ready for Bullish move once again
Gold H1 Analysis
According to the Fibonacci level the market will go up from this red zone or from 2648-2640 area.
This is the major level according to the fibonacci that market is testing.
If a H1 or H4 Bullish engulfing candle formed from this red zone it will be a sign for the bullish.
The market was searching for the retracement or correction that has already done today.
Today we have seen selling of almost 30$ without any news or Fundamentals.So this was needed.
The targets are 2678 , 2791 and ultimately 2717
According to the Fibonacci level the market will go up from this red zone or from 2648-2640 area.
This is the major level according to the fibonacci that market is testing.
If a H1 or H4 Bullish engulfing candle formed from this red zone it will be a sign for the bullish.
The market was searching for the retracement or correction that has already done today.
Today we have seen selling of almost 30$ without any news or Fundamentals.So this was needed.
The targets are 2678 , 2791 and ultimately 2717
Trade closed: target reached
Target 1 done
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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.
👉 Join Our Telegram channel free 👉 ( t.me/forexplanet20 ) 💬
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.