GOLD 03/07: New week fluctuations

GOLD Gold price remains out of the 1915$ to 1930$ trading range. However, the road to the north looks more bumpy and there are more fundamental challenges to thwart the GOLD bulls.

That said, the one-month 38.2% Fibonacci joins the one-day Pivot Point R1 to limit the bullion's immediate uptrend near 1,930$.

Accordingly, the previous weekly high of around 1,934$ could spur Gold buyers before directing them towards the convergence of the one-week Pivot Point R1 and the one-day Bollinger mid-band, near 1,940$.

Meanwhile, Fibonacci 23.6% in one day and 61.8% in one week together highlight 1918$ as immediate support.

However, great attention is paid to the 1,915$ support including the 38.2% one-day and 23.6% one-month Fibonacci, as well as the 5-DMA.

This time I will not write signals, but look at my chart. I already showed that. Stop loss around 70pip per trade, wish us a market win