Looking at the 1 hour chart, 
GOLD is trying a break out of the descending channel in which it has been trading since early March.
I'll watch closely to see if it makes it through the monthly Fibonacci S1 level (SM2), which recently served as resistance (March 8). If this happens, one might consider entering a long position with a short-term target of $1773 (monthly pivot point, PM).
If the move is rejected and the price falls back into the channel (below $1700), the monthly Fibonacci S2 level (SM2) comes into play as a potential support.
GOLD is trying a break out of the descending channel in which it has been trading since early March. I'll watch closely to see if it makes it through the monthly Fibonacci S1 level (SM2), which recently served as resistance (March 8). If this happens, one might consider entering a long position with a short-term target of $1773 (monthly pivot point, PM).
If the move is rejected and the price falls back into the channel (below $1700), the monthly Fibonacci S2 level (SM2) comes into play as a potential support.
DISCLAIMER: I am not a financial advisor, and my scripts are for educational purposes only. Any trades you make are at your own risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
DISCLAIMER: I am not a financial advisor, and my scripts are for educational purposes only. Any trades you make are at your own risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.