This is an update to my related chart (see link below)
Update:
Gold is rising quickly. I am still hoping for a retracement. I have updated my entry positions to:
First Entry: 3023.365 which is in the middle of a new support level on the 1hour chart. Using Fib on the Bullish Pennant target, this entry is at the 0.5 level.
Second Entry: 3012.392 which is within a support area as well. Using Fib on the Triangle target, this entry is just below 0.618 level.
Update:
Gold is rising quickly. I am still hoping for a retracement. I have updated my entry positions to:
First Entry: 3023.365 which is in the middle of a new support level on the 1hour chart. Using Fib on the Bullish Pennant target, this entry is at the 0.5 level.
Second Entry: 3012.392 which is within a support area as well. Using Fib on the Triangle target, this entry is just below 0.618 level.
Related publications
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Related publications
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.