Gold still pushing up to 1950. Will it go up to 2021?
Gold has pushed up in the start of 2021 and made a strong breakout of a down trendline started in August 2020.
A new support zone is building at the 1.618 of Fibonacci and from my point of view, it still has a room to go up to 1950 as a first stop.
From there we might expect a short consolidation then we might hit the 1990-2000 zone and up.
Please don't take this one as an advice, it is just my perspective about this market. Waiting for your feedback :)
XAUUSD
A new support zone is building at the 1.618 of Fibonacci and from my point of view, it still has a room to go up to 1950 as a first stop.
From there we might expect a short consolidation then we might hit the 1990-2000 zone and up.
Please don't take this one as an advice, it is just my perspective about this market. Waiting for your feedback :)
XAUUSD
Trade active:
TP 1960
Comment:
And here it goes :) Let's see the reaction at 1965-1970 zone
Trade closed: stop reached:
Closed after hit the SL, waiting for the retracement to be completed then i still think it will go up