Look at that EMA/MA Curve crossing and heading up, its also bounced off the .382 Fib zone, this can be a very strong buy for a couple of days, for sure a great long scalp , trade wisely and not with emotion, understand direction and price action
At the moment, price has broken a flag and is either gonna fall right now, OR go up and test 1.930 Resistance and then either reject for a sell entry or break resistance and bounce for a buy entry, if it breaks, it will ride all the way because on daily FIB the bulls are just starting and this is gonna go to the moon
Hey all, just my opinion but I think gold is slowly going up retracing the previous high, could shoot back up to 1337-42, I am personally scalping this up, I am fairly new to using FIB so don't take my word here, but if you've seen my previous post you do know that I follow price !
If you saw my earlier post, you saw that I noted the daily candle touching the resistance and wicking, it did come down and has been tap dancing around 1281 with a found support, LOOKS LIKE it just might break it and continue moving downward..Heres what Im looking for. KEEP AN EYE FOR THIS BREAKOUT, EITHER GOING DOWN MASSIVELY OR GOING UP . FOLLOW THE MARKET, NOT...