After our previous analysis, GOLD on the 4h chart shows more bullish strength and the price reached the 2040 level. 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?
The price has retraced on Friday over the previous resistance now turned support at the 0.786 Fibonacci level. In the pre- market session the price is moving to the 50% treavement and a break above can be a sign of bullish pressure.
According to Plancton's strategy IF the market will break above we will check the opportunity for a nice long order.
Great view of the situation with a good description! From a professional point of view, it would be interesting to know in what order, what steps you use when analyzing an asset)