GOLD Price as seen on H4 Chart tested MA100 Support , and reacted.
It was important the GOLD price to close above 1250 USD for Bullish trend.
First target level for GOLD is 1264 USD where two FIBO retracement lines are waiting as a resistance.
Break out of 1264 will confirm us 1275.
It was important the GOLD price to close above 1250 USD for Bullish trend.
First target level for GOLD is 1264 USD where two FIBO retracement lines are waiting as a resistance.
Break out of 1264 will confirm us 1275.
Trade active:
1274 is confirmed today
Comment:
this looks like the completion of cup with handle formation and 1414 is the target level mid term (3-4 months )
