1504 XAUUSD going to corrrect before making a new high
GOLD has made a new high of years!!
The trend is really strong that you should not ignore the red uptrend line on this 4H chart.
As our last idea said, it is possible to retrace down first before testing new high like 1760 and 1800.
The trend line on 4h chart provide us a great sign for gold to go.
It might be rejected from FIBO 1.414-1.618 position and will test 1690-1710 as a support zone.
And after that, might be tomorrow or Friday of this week, will test a new high this week.
Good luck on trading this commodity.
LESS IS MORE!
The trend is really strong that you should not ignore the red uptrend line on this 4H chart.
As our last idea said, it is possible to retrace down first before testing new high like 1760 and 1800.
The trend line on 4h chart provide us a great sign for gold to go.
It might be rejected from FIBO 1.414-1.618 position and will test 1690-1710 as a support zone.
And after that, might be tomorrow or Friday of this week, will test a new high this week.
Good luck on trading this commodity.
LESS IS MORE!
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