GOLD UPDATE AFTER UNEXPECTED DROP LEVELS
((GOLD UPDATE ))
MONTHLY TIME FRAME: pullback TO 50 % fibo level and formation of bullish engulfing candle .
WEEKLY TIME FRAME : formation of higher low above strong support level (1845) after pullback.
DAILY TIME FRAME : reaching the 0.61 fibo level ( MA 200) as a pullback after breaking daily down trend with good rejection above the strong support level (1845) .
H4 TIME FRAME : good rejection of bearish candle with formation of good hanging man bullish candle at level 1845.
i think next weeks will see more bullish movement with expectation of 3 targets:
TP1 AT 1960 LEVEL
TP2 AT 2000 LEVEL
TP3 AT 2075 LEVEL
GOODLUCK
TRADE SAFE
MONTHLY TIME FRAME: pullback TO 50 % fibo level and formation of bullish engulfing candle .
WEEKLY TIME FRAME : formation of higher low above strong support level (1845) after pullback.
DAILY TIME FRAME : reaching the 0.61 fibo level ( MA 200) as a pullback after breaking daily down trend with good rejection above the strong support level (1845) .
H4 TIME FRAME : good rejection of bearish candle with formation of good hanging man bullish candle at level 1845.
i think next weeks will see more bullish movement with expectation of 3 targets:
TP1 AT 1960 LEVEL
TP2 AT 2000 LEVEL
TP3 AT 2075 LEVEL
GOODLUCK
TRADE SAFE
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