Gold retracement occurred after tapping 2074 level ( weekly high of 2 year ago )
Due to fundamental favoring Gold and demand of XAUUSD rising we may see the break above of price 2074 from this retracement of a exhaustion.
We have POI level being respected above FIB 0.6 level and respecting the 2 year support area I have listed in the chart
Price action has been turning back into bull favor after 880 Points.
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Trade safe this for educational purposes
Due to fundamental favoring Gold and demand of XAUUSD rising we may see the break above of price 2074 from this retracement of a exhaustion.
We have POI level being respected above FIB 0.6 level and respecting the 2 year support area I have listed in the chart
Price action has been turning back into bull favor after 880 Points.
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Trade safe this for educational purposes
Comment:
200 PIPS achieved
Comment:
250 PIPS done