As we can see in the 4h timeframe an inverted head and shoulders pattern has been developed. the expected target is approximately 69880.
In the daily timeframe we can see the bullish moment from mid 2020 until today. By drawing the Fibonacci extension levels from the higher low at 28929 late January 2021 to the next high at 58550 the next Fibo extension target is...
GOLD analysis for the next days.
For long positions pending order buy stop at 1463.70
tp at 1482.59
For short positions wait for retracement at 1461.39