Gold - XAU/USD -Bearish then Bullish - Critical Levels
Strategic Long Term Planning for future trades in Gold. 2 charts, Weekly and Monthly
Weekly: BIG FIB from FIB LOW 1445.707 to FIB HIGH 2075.282, 78.6% Retracement Level @ 1594.287 - Weekly 200 EMA @ 1612.040
Monthly: Bearish FIB in play from FIB HIGH 1916.615 to FIB LOW 1677.686 - We Hit 1825-1830 618 Retracement (1825.344) - Rejected Multiple Times, This fib is in Control.
618 Retracements give Two Extensions, 121.4% Extension @ Price 1626.555 or 138.2% Extension @ 1586.415
Monthly: BIG FIB from FIB LOW 1160.324 to FIB HIGH 2075.282, 50 % Retracement Level @ 1617.803
LOWER MONTHLY BB @ 1613.985
MONTHLY 55 EMA @ 1577.358
SHORT GOLD to 1577.358 - 1626.555
BUY GOLD , BEST between 1577.358 - 1586.415
GOLD BUY RANGE 1577.358 - 1626.555 TARGET 1900 level
Weekly: BIG FIB from FIB LOW 1445.707 to FIB HIGH 2075.282, 78.6% Retracement Level @ 1594.287 - Weekly 200 EMA @ 1612.040
Monthly: Bearish FIB in play from FIB HIGH 1916.615 to FIB LOW 1677.686 - We Hit 1825-1830 618 Retracement (1825.344) - Rejected Multiple Times, This fib is in Control.
618 Retracements give Two Extensions, 121.4% Extension @ Price 1626.555 or 138.2% Extension @ 1586.415
Monthly: BIG FIB from FIB LOW 1160.324 to FIB HIGH 2075.282, 50 % Retracement Level @ 1617.803
LOWER MONTHLY BB @ 1613.985
MONTHLY 55 EMA @ 1577.358
SHORT GOLD to 1577.358 - 1626.555
BUY GOLD , BEST between 1577.358 - 1586.415
GOLD BUY RANGE 1577.358 - 1626.555 TARGET 1900 level
*** Lower BB MONTHLY (Not Weekly)