hello everyone hope you all doing good. i took a lot of time to find what would be the perfect level to enter a good long position so here is my view i have calculated all the important levels and came to this conclusion that if we somehow closed in that blue zone gold will surely do a bullish move of 300-500 pips. so that means you can enter long if we close at 92-94 level for target 1814 - 1825 - 1837 - 1847 - 1866 because if we look at previous price action above 92 is always consider good bullish momentum for gold also i have drawn a yellow trend line which could act as support for gold bulls but consolidation could mess up with this trend line. Now if we talk about bears if we go and check gold history it made triple top before massive down trend years ago we have already seen gold hitting 97-98 twice so this could be a jackpot if it tries to reach that level again we can take a good short at 97-98 levels for target 1752-1738-1700-1619 levels but if bulls manage to close daily above 92 the idea is not valid . Possible fib areas are 1818-1825-1850-1872 to look for shorts you can definitely get some piece of cake on these levels. So simply daily closing above 92 go long and else keep shorts below it. Do not miss triple top at 97 but with tight stop loss. Good luck
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this is next phase
Comment:
sell valid upto 1781 now