Gold weekly out look Price closed as a more indecision candle stick respecting the 20SMA and also the .618 fib level So Im going to be very cautious trading gold as it is in a strong level of weekly S/R
Daily: is still in a very strong bullish trend respecting daily S/R level a bit concercing how it respecting the 50sma as a level of resistance
H4: price is looking like a solid buy 3 big wicks showing respect to broken resistance now holding as a level of support also rejecting the 20SMA and .618 on fibs
H1: Waiting for some form of a pull back into minor S/R levle to give me a Break of structure on the smaller tfs has already given me a double bottom now for a possible retest of broken neckline
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.