GOLD 8H TF and support at 61,8% Fibonacci level
We can expect gold prices to continue rising next week. The pullback was stopped twice at 61.8% Fibonacci level in the zone around 1890-1900 dollars.
Now we have a new turn towards the bullish side.
Our target is the previous high at 38.2% Fibonacci level in the zone around 1960 dollars.
Breaking the price above would form a new higher high and confirm the bullish trend, the psychological target of $ 2,000 price.
Now we have a new turn towards the bullish side.
Our target is the previous high at 38.2% Fibonacci level in the zone around 1960 dollars.
Breaking the price above would form a new higher high and confirm the bullish trend, the psychological target of $ 2,000 price.
Trade closed: target reached:
1960$
