On the Daily chart after breaks the high since April '19, gold has made a bullish sentiment.
On H4 time frame, the price breaks the up trend line and make a pullback to the trend line also there is a demand zone. If you put the Fibonacci retracement, it is also on the 61.8% retracement.
A strong indication to make a buy setup with the target price to 1550, still has enough range to move up.
Will it moves higher?
On H4 time frame, the price breaks the up trend line and make a pullback to the trend line also there is a demand zone. If you put the Fibonacci retracement, it is also on the 61.8% retracement.
A strong indication to make a buy setup with the target price to 1550, still has enough range to move up.
Will it moves higher?
Comment:
The price breaks another up trend line also breaks the wedge pattern, it tends to go higher. Pay attention to recent support area 1428.
Trade closed: target reached