GOLD Daily S/R| Swing High| .382 Fibonacci| Price Action

TVC:GOLD   CFDs on Gold (US$ / OZ)
Evening Traders,

Today’s analysis – GOLD- trading above Daily S/R where a retest is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.382 Fibonacci Confluence )
- MA Golden Cross
- Oscillators Bullish Control

GOLD’s immediate price action is impulsive above Daily S/R, a retest will allow for a long entry.

The Daily S/R is in confluence with the .382 Fibonacci, a pullback is likely to finish with a wick formation.

Immediate averages are crossing (200 EMA&MA), this is a signal of a bullish cross being imminent.

Both oscillators are trading in their respective bullish control zones, remaining in these regions is indicative of strength in the market.

Overall, in my opinion, GOLD is a valid long with defined risk; price action is to be used upon discretion/ management.

Hope this analysis helps,

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Comments chart ro ziad balad nistam..emshab b nzrtun chjurie?
+1 Reply
AzizKhanZamani AMIRKHAN_33
@AMIRKHAN_33, not sure what you said :/
gold need correction
+1 Reply
AzizKhanZamani Yuriy_Bishko
@Yuriy_Bishko, will see if the level hold here
upvoted. premium info for gold bulls. nice work!
+1 Reply
AzizKhanZamani ProjectSyndicate
@ProjectSyndicate, cheers!!
Good idea
+1 Reply
AzizKhanZamani Alien_anderson
@Alien_anderson, thank you :D
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