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Gold Spot / U.S. DollarUpdated

GOLD can retest the 2k 🦐

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 Planctonìs strategy rules.
Note
snapshot consolidation over the 0.618 Fibonacci
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snapshot very close once again to the 2k
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snapshot perfect test of the 50% and price still looks bullish
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snapshot the market bounce over the 50% and is now testing the 0.382 Fibonacci
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snapshot rising lows indicates a bullish price action
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snapshot possible 2k breakout soon
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snapshot still testing the resistance area
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snapshot breaking now
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snapshot new recent high
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snapshot retest of the support
Note
snapshot 2041 is a new recent high
InkyGrip
240minFibonacci RetracementGoldTrend AnalysisXAUUSD
InkyGrip

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