GOLD TO RISE?
Gold is looking to break through weekly support and rise to 1400 real soon.
Through my analysis it seems to be using listening to the Fib Retracement really well and bouncing of that trend line beautifully as it did times before. It broke through the previous Monthly Resistance which may act as a support now. It's currently set to break resistance (1320) but it may hold for a bit. I believe it may hit the first fib target which is perfectly shy off the Monthly resistance.
If it breaks through the monthly resistance at 1400 then expect it to continue to 1450 which is right below the second fib target.
Through my analysis it seems to be using listening to the Fib Retracement really well and bouncing of that trend line beautifully as it did times before. It broke through the previous Monthly Resistance which may act as a support now. It's currently set to break resistance (1320) but it may hold for a bit. I believe it may hit the first fib target which is perfectly shy off the Monthly resistance.
If it breaks through the monthly resistance at 1400 then expect it to continue to 1450 which is right below the second fib target.
Note
Broke through 1350! Heading to 1400 very soonTrade fermée: cible de profit atteinte
Called it lol
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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.