Short term, gold has moved below its intemediary support at 1480 (defined by the low reached twice since Aug)
The price a reached a first support arround 1445 (38.2% Fibo)
The zone bettween 1455 and 1445 are the ideal zone for a new bullish mouvement for break the 1480 zone first then reached the previous top at 1557
The price a reached a first support arround 1445 (38.2% Fibo)
The zone bettween 1455 and 1445 are the ideal zone for a new bullish mouvement for break the 1480 zone first then reached the previous top at 1557
Trade closed: target reached:
Reached and break the previous top! Trade done