Gold at $2330, Where Next..? $2303 to $2340 and Breakout..!
Gold has been trading in a bullish consolidation.
$2293 low tested on 26th of June was a higher high and indicated a bullish consolidation on a broader time frame.
Retracement to 50% Fibonacci zone $2317, 61.8% Fibonacci zone $2312 and discounted 78.6% Fibonacci zone $2302 are key levels signifying points of interest which may attract buyers at value zone after claiming Fair Value Gap.
This zone is likely to resume upward momentum if $2290 is not breached.
Bullish rebound is very likely to revisit neckline $2340 of inverse Head & Shoulders formation which should target $2388 over an extended period of time.
$2293 low tested on 26th of June was a higher high and indicated a bullish consolidation on a broader time frame.
Retracement to 50% Fibonacci zone $2317, 61.8% Fibonacci zone $2312 and discounted 78.6% Fibonacci zone $2302 are key levels signifying points of interest which may attract buyers at value zone after claiming Fair Value Gap.
This zone is likely to resume upward momentum if $2290 is not breached.
Bullish rebound is very likely to revisit neckline $2340 of inverse Head & Shoulders formation which should target $2388 over an extended period of time.
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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.