Gold Long idea
Overall gold has been very bullish on all timeframes.
Currently we are looking for long opportunities at key fib levels only. This means we have two potential long setups:
1.Price action forms a higher low at the 38.2% with strong bullish setups. Look to target toward prior highs and key resistance levels.
2.Price action pulls back to the 61.8% fib level. Look for a bullish transition with strong bullish setups. Target higher toward key resistance and the -27% fib level.
Overall gold has been very bullish on all timeframes.
Currently we are looking for long opportunities at key fib levels only. This means we have two potential long setups:
1.Price action forms a higher low at the 38.2% with strong bullish setups. Look to target toward prior highs and key resistance levels.
2.Price action pulls back to the 61.8% fib level. Look for a bullish transition with strong bullish setups. Target higher toward key resistance and the -27% fib level.