Gold completed a 61.8 Fib retracement last week and some buyers stepped in.
110-112$ is a support zone that I mentioned in my previous analysis. It can create a short term bullish move especially when DXY is having trouble with the monthly 61.8 Fib level (see linked idea).
110-112$ and 106-107$ is two support zones that should be in focus as we approach December's FOMC. The first one is a major structure zone and the 61.8 Fibo and the other one is the PRZ of a Cypher pattern and a re-test of the broken Wedge pattern.
Read about this analysis and others in this week's newsletter - Link in signature
110-112$ is a support zone that I mentioned in my previous analysis. It can create a short term bullish move especially when DXY is having trouble with the monthly 61.8 Fib level (see linked idea).
110-112$ and 106-107$ is two support zones that should be in focus as we approach December's FOMC. The first one is a major structure zone and the 61.8 Fibo and the other one is the PRZ of a Cypher pattern and a re-test of the broken Wedge pattern.
Read about this analysis and others in this week's newsletter - Link in signature
