2712 P3 XAUUSD buying signal is not confirming yet
Hello traders,
GOLD is meeting a possible pressure line on 1h chart. But this might not stop it to test fibo 618 position first.
On that case, it might test a new higher recent high by breaking through fibo 618 position .
Otherwise, it might be rejected again from fibo 618 positon down to test bottom green support level again.
Either way, GOLD need a new impulse leg to break the box .
Good luck!
LESS IS MORE!
Happy New Year!
GOLD is meeting a possible pressure line on 1h chart. But this might not stop it to test fibo 618 position first.
On that case, it might test a new higher recent high by breaking through fibo 618 position .
Otherwise, it might be rejected again from fibo 618 positon down to test bottom green support level again.
Either way, GOLD need a new impulse leg to break the box .
Good luck!
LESS IS MORE!
Happy New Year!
