GOLD 8th Analysis

Monthly
• Moving Averages crossed to the upside
• Price action showing a bullish structure
• Price found resistance at the monthly resistance level of 1330.13
Weekly
• Moving averages crossed to the upside
• Price action showing broken bullish structure
• P.A currently reacting to the monthly level of 1330.13
Daily
• Moving averages remain crossed to the upside
• Price action made a third T.L bounce and currently headed towards counter trendliine
• Price found support at the 62.80 Fib level
4 Hour [Execution Time Frame]
• Moving averages about to cross to the upside at the same time as C.T.L break
• P.A showing a signs of support on the 61.80 Fib level
• Expecting price action to made a break followed by retest then we can execute a buy
• If necessary head to the 2h for better entry