This is an analysis following an uptrend line, and a bounce off the fibonacci retracement level of 61.8. I predict that it will go up the the 27 extension level and reverse down for a retracement. Post comments, and tell me what you think.
This show a trade setup held through out a week period and the potential profit according to lot sizes, just from ONE SETUP.
Here is a simple, bounceback layout of where gold lies currently, while also reflecting on the past highs & lows.
