Gold remains Gold!
XAUUSD
1W
After tripple bottom at arround 1616, Gold has experienced a nice move up-to 1960 while building a beautiful bullish structure.
Then Comes down to 1808, test the old resistance and new support and creates a nice big green candle (bigger than the previous red one)
From FIB perspective, Price has reacted beautifully from
the 0.5 - 0.318 area.
1D
We have an above average buy-volume came in at support 1808 and sellers they are just nowhere to be seen.
XAUUSD
A bullish trade setup could be entered at this price level with a risk reward ration of 4.
Let's catch the ATH again!!
XAUUSD
1W
Then Comes down to 1808, test the old resistance and new support and creates a nice big green candle (bigger than the previous red one)
From FIB perspective, Price has reacted beautifully from
the 0.5 - 0.318 area.
1D
We have an above average buy-volume came in at support 1808 and sellers they are just nowhere to be seen.
XAUUSD
A bullish trade setup could be entered at this price level with a risk reward ration of 4.
Let's catch the ATH again!!