Gold is testing the centre line and hasn't made any progress in July.
t's looking in need of a pullback to get more buyers involved at the moment but next time it goes up it might be a full on feeding frenzy that I want to be already into, not standing back watching.
My watch list.
$1298.46 is 38%fib retracement from the lowest point in 2015.
$1306.60 is 50% fib from the lowest point in 2018.
$1359.67 is 50% fib from the low in April this year.
$1337.65 is my pick .618 fib from April 1000 pips away, I think there is support around all of these levels it's just a matter of wait and see and don't miss out.
t's looking in need of a pullback to get more buyers involved at the moment but next time it goes up it might be a full on feeding frenzy that I want to be already into, not standing back watching.
My watch list.
$1298.46 is 38%fib retracement from the lowest point in 2015.
$1306.60 is 50% fib from the lowest point in 2018.
$1359.67 is 50% fib from the low in April this year.
$1337.65 is my pick .618 fib from April 1000 pips away, I think there is support around all of these levels it's just a matter of wait and see and don't miss out.