Gold is breaking new highs, currently on a retracement
Fibonacci retracement places the potential entry point at 1965.00 (70,2 fibo zone) which we can see is a highly liquid zone from which the bulls can gain enough strength for a strong impulse move to take place
While it is sitting on a potential support zone, more liquidity is needed for a strong push to the upside
SL: 1920.00
TP: 2080.00 (conservative)
Fibonacci retracement places the potential entry point at 1965.00 (70,2 fibo zone) which we can see is a highly liquid zone from which the bulls can gain enough strength for a strong impulse move to take place
While it is sitting on a potential support zone, more liquidity is needed for a strong push to the upside
SL: 1920.00
TP: 2080.00 (conservative)
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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.
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.