Gold: Probably Pulling-Back
Prior update: tradingview.com/v/f8x6PmHj/
Gold extended upside hitting the 61.8% retracement and resistance level. The price failed to take the level last two weeks, forming pin bars, therefore I would be a bit cautious at this area anticipating a pullback for a retest of the 1300.00 areas.
However, overall strong bullish breakout mode is dominant, and accordingly we will probably see higher levels towards the full target at 1360.000 areas.
twitter.com/FxInstinct
fxinstinct.com
Gold extended upside hitting the 61.8% retracement and resistance level. The price failed to take the level last two weeks, forming pin bars, therefore I would be a bit cautious at this area anticipating a pullback for a retest of the 1300.00 areas.
However, overall strong bullish breakout mode is dominant, and accordingly we will probably see higher levels towards the full target at 1360.000 areas.
twitter.com/FxInstinct
fxinstinct.com
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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.