XAUUSD | Short Term Bullish
Bullish Trend on H4.
Price has recently broken recent high.
The last bullish candle has also given a close above the key (daily) resistance level of 1953.
Based on Fibonnacci projection, the price may get retraced between Fib. levels of 0.5 and 0.618.
The EMA 50 also acted as support to the recent price action.
We can go long here, with SL and TP as shown on the chart.
Price has recently broken recent high.
The last bullish candle has also given a close above the key (daily) resistance level of 1953.
Based on Fibonnacci projection, the price may get retraced between Fib. levels of 0.5 and 0.618.
The EMA 50 also acted as support to the recent price action.
We can go long here, with SL and TP as shown on the chart.
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