GOLD on the 4h chart after the test of the recent high retraced over the weekly support at the 0.786 Fibonacci over the 1980 zone. A break of the weekly resistance indicates that the bullish pressure has increased and a possible break over the 2050 area can happen.
How can i approach this scenario?
According to Plancton's strategy IF the market will break above we will check the opportunity for a nice long order.