Genesiv

Gold(MINI) Futures (GO!), H4 Potential for Bullish Momentum

Long
COMEX_MINI:QO1!   Gold (Mini) Futures
Type : Bullish Rise
Resistance : 1809.50
Pivot: 1784.50
Support : 1764.75

Preferred Case: On the H4, with price moving above the ichimoku indicator and moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 1784.50 where the 23.6% fibonacci retracement is to the 1st resistance at 1809.5 where the overlap resistance is.

Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 1764.75 where the 38.2% fibonacci retracement and swing low are.

Fundamentals: no key news.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.