XAU/USD LONG
We have just witness a retracement which is currently testing around 0.382 fib/0.5 fib zone and strong Resistance/Support zone on the daily. I expect to see a completion of wave 4 and a new bullish impulse move. the green fibonacci zones are potential take profit zones.
the red rectangles are Resistance/Support zones that could be broken or resisted.
Pay attention to price action at the resistance/support zones and pay attention to the fibonacci areas to know whether to stay or pull out of the trade.
the red rectangles are Resistance/Support zones that could be broken or resisted.
Pay attention to price action at the resistance/support zones and pay attention to the fibonacci areas to know whether to stay or pull out of the trade.
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