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NENEJOHN
May 5, 2021 8:38 AM

GOLD 4HRS Analysis 

GoldOANDA

Description

looking at the trend line on the bottom, Where we encounter some resistance. we expect a rally to the upside to the next resistance level around 1788s (which happen to be our 61.8 Fibonacci Level).

Comment

Let's Not get degraded for playing defensive over there with the tight stops!

Comment

Though I think we'll retest the highs around 1797 and probably have new HH. But don't Chase the price. we wait for demand to go down for a retracement.
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