XAUUSD 27042020

27 เม.ย. 2020

Price retraced down and started to push back up, by using the fib retracement we can see that the level is at 61.8%, hence to why im speculating a long position. This is not to mention the expanded pivot confluence with the Fibonacci and kijun-sen.

Target is set at 161.8% but will be target dynamically adjusted once it passes 1.5 ratio

Third confirmation or the most powerful would be when price closes above the Upper parallel line of the pitchfork