HOOPFOOD

Gold Weekly Close:

Long
HOOPFOOD Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
FIB target of 94 yet to break. A break would signal 1920.
bouncing off 886 here at 86 is good sign
for bull extension.
Entry on 94 break would be textbook fib work.

Low volume week made trading complicated but we go into
next week with optimism.

-HOOP
Comment:
ZOOMED OUT VIEW:
Comment:

no guarantees but lets take this into consideration: possible 236 touch then up to 618. rising wedge seems to be forming. stoch is topped on a 4hr frame. longterm fib moving averages blocking 1894 break.
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.