Gold Long idea
We can see that price action has been extremely bullish on all major timeframes.
From here we are only looking for long opportunities, with the trend.
We can see two potential scenarios:
1.Price action forms a higher low above 1925.00 followed by strong bullish setups, confirming the continuation. Look to target higher toward key resistance and fib levels.
2.Price action pulls back to a deeper fib level, ideally the 61.8% fib followed by strong bullish setups. Look to to target higher toward the -27% fib level.
We can see that price action has been extremely bullish on all major timeframes.
From here we are only looking for long opportunities, with the trend.
We can see two potential scenarios:
1.Price action forms a higher low above 1925.00 followed by strong bullish setups, confirming the continuation. Look to target higher toward key resistance and fib levels.
2.Price action pulls back to a deeper fib level, ideally the 61.8% fib followed by strong bullish setups. Look to to target higher toward the -27% fib level.