Gold Potential Bullish ContinuationAfter retracing to the approx. 3370 - 3380 zone, gold still seems to exhibit signs of overall potential Bullish momentum as the price action may form a credible Higher Low with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity.
Trade Plan:
Entry : CMP 3393
Stop Loss : 3286
TP : 3499 (Before All Time High)
Goldcfds
Bearish on Gold CFDs. GOLDJust like Gold does. It's too early to call moon on Gold in general in our very humble opinion.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!