GOLD can retest the 2k ๐ฆ
Gold after our previous analysis tested as expected the 2000 level (link below).
The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support.
The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618.
We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the Planctonรฌs strategy rules.
The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support.
The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618.
We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the Planctonรฌs strategy rules.
ืืขืจื:
consolidation over the 0.618 Fibonacci
ืืขืจื:
very close once again to the 2k
ืืขืจื:
perfect test of the 50% and price still looks bullish
ืืขืจื:
the market bounce over the 50% and is now testing the 0.382 Fibonacci
ืืขืจื:
rising lows indicates a bullish price action
ืืขืจื:
possible 2k breakout soon
ืืขืจื:
still testing the resistance area
ืืขืจื:
breaking now
ืืขืจื:
new recent high
ืืขืจื:
retest of the support
ืืขืจื:
2041 is a new recent high
