GOLD As the risk off sentiment kick in safe heaven assets will find major bid. gold has managed to break the 1900.00 level and stalled by the .50 Fibonacci retracement level And 200 Exponential moving average is also stopped the bullish rally
Buy at .618 Fibonacci level which is comes around 1896.00 and the swing target would be 1944.00 which is the .236 Fibonacci and Point of control area. Stop lose may placed below the 1881.00 level
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hi thanks for share your analisys but the 61.8 fibo on d1 is at 1912-1915 so the retecement has finished wait for confirmation in h4 for sell...however we will see it next week, thanks again and good luck
after retracment in d1 strart the impulse for the original trend so in that case is short for gold tp 1775 the retracement on fibo 61.8 o d1 is a "secret pattern" that more people don't see it or ignore.
Best regards
velmunis
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@denondj87 nice thoughts bro but I think price will bounce after some minor correction towards 1900.00 or 1890.00 where both 50% 61.8% fibos are acting as support for the bull
velmunis
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1895 level was broken and 1900.00 too
denondj87
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@velmunis, yes you are right i think that there are some manipulation for positive trump news we 'll see in nex days thanks for all