gold reaching a good buy zone , bullish butterfly pattern formed and strong fibs i believe it will retrace to 1831 (a small bear zone) and breaks to even higher levels like indicated .
Comment:
market moving slowly we might see some bulls especially if it breaks 1796 it should rise and touch 1802/1803 (strong algo zone) and maybe 1813 as a second target but beware we are still in bears zone .
Comment:
price now at a strong resistance we might see bears try to push the price down back to 1803 we watch and wait for price to break 1811 , before buying more first target is 1819 and the second target is 1825.
this scenario is not validated if price breaks down 1803.
note: i'm not responsible for your trades i give yo insight so you add it to your own analysis please be aware that anything can happen to the market be wise split the eggs and use money management that said good luck to all .
this scenario is not validated if price breaks down 1803.
note: i'm not responsible for your trades i give yo insight so you add it to your own analysis please be aware that anything can happen to the market be wise split the eggs and use money management that said good luck to all .