GOLD can retest the 2k ðĶ
Gold after our previous analysis tested as expected the 2000 level (link below).
The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support.
The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618.
We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the PlanctonÃŽs strategy rules.
The weekly resistance rejected the uptrend move and the price moved to the 0.618 Fibonacci retracement over a previous resistance now turned support.
The main outlook remains anyway bulloush and we can look for a possible inversion over the 0.618.
We will monitor the price in the next hours and wait for the upcoming news and IF the market will break above the 0.5 level i will consider a long order according to the PlanctonÃŽs strategy rules.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
consolidation over the 0.618 Fibonacci
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
very close once again to the 2k
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
perfect test of the 50% and price still looks bullish
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
the market bounce over the 50% and is now testing the 0.382 Fibonacci
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
rising lows indicates a bullish price action
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
possible 2k breakout soon
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
still testing the resistance area
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
breaking now
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
new recent high
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
retest of the support
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
2041 is a new recent high
