Weekly pivot retrace. could be from here. or also new price action prior to weekly close could raise or lower that target and entry level. so keep your eyes open
The weekly pivot like the monthly pivot once plotted has a high frequency of being tested. Even if that is a flash crash to the level. Currently, that retrace sitting at around the 37k at this moment. So a couple things could happen We start correcting early today and tomorrow. This is more bearish because the level is not locked in and the developing weekly...
These are the yearly pivots and CPR on gold. levels plotted at the start of the year. For over 2 decades nearly gold has generally hit its new yearly pivot in Q1 (if not then... at some point anyway) It seems as though since it is testing the new yearly pivot from above. that falls in line with some of the greatest run ups gold has ever had. Just food for thought
that 1.28 will be important to hold for continuation. intraday levels only
Levels on the chart of relevance. Looks to potential swing lower unless levels on chart broken.
Both daily and monthly incoming pivots which usually always get tested are coming in around 35k area. and that is igorinng the untested yearly in the low 20ks. So if you are bullish it might pay to wait. because we will visit them unless price gets far away from this area by the daily close
entrys possible here 1.78 daily H3 2.12 projected monthly h3
Weekly cam play. building off L3 and pivot
tight stops between pivot and h4 daily or weekly.
Target 20-22k the weekly breakout targets. the untested yearly pivot cpr. the 200 H12 ema. .... its a bunch of stuff. I have had this destination in mind the entire time. since 40k been drawing paths here because of more complex reasons and historical behavior with pivots. anyway good luck