Gold is facing bullish pressure, potential for further upside

8 באפר׳ 2021

Prices are facing bullish pressure from our first support which also coincides with our 23.6% fibonacci retracement, 100%, 161.8% fibonacci extension, where we could see a further upside above this level to our first resistance target. A break above our upside confirmation would provide the bullish acceleration to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.